Entravision Communications (NYSE:EVC) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

Entravision Communications Corporation (NYSE:EVC)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $2.81 and traded as high as $3.06. Entravision Communications shares last traded at $3.0250, with a volume of 224,879 shares changing hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Entravision Communications in a research report on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.

Entravision Communications Trading Up 0.2%

The business’s 50 day simple moving average is $3.03 and its 200 day simple moving average is $2.81. The stock has a market cap of $278.18 million, a price-to-earnings ratio of -3.44 and a beta of 1.21. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 2.65.

Entravision Communications Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th were issued a $0.05 dividend. The ex-dividend date was Tuesday, March 17th. This represents a $0.20 annualized dividend and a yield of 6.6%. Entravision Communications’s payout ratio is presently -22.73%.

Institutional Trading of Entravision Communications

Large investors have recently bought and sold shares of the business. SG Americas Securities LLC bought a new position in shares of Entravision Communications in the 3rd quarter worth about $27,000. AQR Capital Management LLC bought a new stake in shares of Entravision Communications during the 1st quarter valued at about $28,000. BNP Paribas Financial Markets grew its stake in Entravision Communications by 86.4% during the third quarter. BNP Paribas Financial Markets now owns 12,298 shares of the company’s stock worth $29,000 after purchasing an additional 5,702 shares during the period. Byrne Asset Management LLC acquired a new stake in Entravision Communications during the third quarter worth approximately $33,000. Finally, StoneX Group Inc. bought a new stake in Entravision Communications in the fourth quarter worth approximately $35,000. 69.46% of the stock is currently owned by institutional investors and hedge funds.

Entravision Communications Company Profile

Entravision Communications Corporation (NYSE: EVC) is a diversified Spanish-language media and advertising company headquartered in Santa Monica, California. The company develops and distributes multimedia content tailored to Hispanic audiences across the United States, leveraging a combination of traditional broadcasting and digital platforms to reach consumers and marketers seeking to engage this fast-growing demographic.

In its broadcasting segment, Entravision owns and operates more than 50 television stations affiliated primarily with leading Spanish-language networks, as well as over 40 radio stations in key U.S.