Entravision Communications (NYSE:EVC) Shares Cross Above 200 Day Moving Average - Here's Why

Shares of Entravision Communications Co. (NYSE:EVC - Get Free Report) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $2.06 and traded as high as $2.35. Entravision Communications shares last traded at $2.29, with a volume of 140,749 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Entravision Communications from a "sell" rating to a "hold" rating in a research report on Saturday, July 20th.

Entravision Communications Trading Up 0.4 %

The firm has a market cap of $205.00 million, a P/E ratio of -3.05 and a beta of 0.98. The company has a current ratio of 3.04, a quick ratio of 3.04 and a debt-to-equity ratio of 0.85. The company's fifty day moving average price is $2.07 and its two-hundred day moving average price is $2.06.

Entravision Communications (NYSE:EVC - Get Free Report) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.04 earnings per share for the quarter. Entravision Communications had a negative net margin of 10.06% and a negative return on equity of 5.24%. The firm had revenue of $82.65 million for the quarter.

Entravision Communications Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were given a $0.05 dividend. The ex-dividend date was Monday, September 16th. This represents a $0.20 annualized dividend and a yield of 8.73%. Entravision Communications's payout ratio is -26.67%.

Institutional Trading of Entravision Communications

A number of hedge funds and other institutional investors have recently made changes to their positions in EVC. Founders Financial Securities LLC bought a new stake in Entravision Communications during the 2nd quarter worth about $33,000. SG Americas Securities LLC grew its stake in shares of Entravision Communications by 67.9% during the third quarter. SG Americas Securities LLC now owns 21,451 shares of the company's stock valued at $44,000 after purchasing an additional 8,674 shares during the last quarter. Fidelis Capital Partners LLC acquired a new stake in shares of Entravision Communications in the second quarter valued at approximately $46,000. The Manufacturers Life Insurance Company raised its position in Entravision Communications by 122.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 29,154 shares of the company's stock worth $59,000 after purchasing an additional 16,072 shares during the last quarter. Finally, Algert Global LLC lifted its holdings in Entravision Communications by 421.4% during the 2nd quarter. Algert Global LLC now owns 64,864 shares of the company's stock worth $132,000 after buying an additional 52,424 shares in the last quarter. 69.46% of the stock is currently owned by institutional investors and hedge funds.

Entravision Communications Company Profile

Entravision Communications Corporation operates as an advertising solutions, media, and technology company worldwide. The company operates through three segments: Digital, Television, and Audio. It reaches and engages Hispanics in the United States. The company's portfolio encompasses integrated end-to-end advertising solutions, including digital, television, and audio properties.