Entravision Communications (NYSE:EVC) Shares Cross Above 200-Day Moving Average – Time to Sell?

Entravision Communications Co. (NYSE:EVC)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.19 and traded as high as $2.36. Entravision Communications shares last traded at $2.36, with a volume of 143,023 shares traded.

Entravision Communications Stock Performance

The business’s 50-day moving average price is $2.43 and its 200-day moving average price is $2.19. The stock has a market cap of $211.93 million, a P/E ratio of -1.90 and a beta of 0.98. The company has a debt-to-equity ratio of 0.90, a quick ratio of 2.70 and a current ratio of 2.70.

Entravision Communications Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 8.49%. The ex-dividend date of this dividend was Monday, December 16th. Entravision Communications’s payout ratio is -16.13%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in EVC. Bank of New York Mellon Corp increased its holdings in Entravision Communications by 3.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 704,510 shares of the company’s stock worth $1,430,000 after acquiring an additional 25,681 shares in the last quarter. Rhumbline Advisers boosted its position in shares of Entravision Communications by 15.5% in the second quarter. Rhumbline Advisers now owns 96,011 shares of the company’s stock worth $195,000 after purchasing an additional 12,880 shares during the period. Renaissance Technologies LLC increased its stake in shares of Entravision Communications by 1.1% in the second quarter. Renaissance Technologies LLC now owns 2,358,043 shares of the company’s stock worth $4,787,000 after purchasing an additional 26,700 shares in the last quarter. Hsbc Holdings PLC raised its position in shares of Entravision Communications by 46.3% during the 2nd quarter. Hsbc Holdings PLC now owns 106,841 shares of the company’s stock valued at $221,000 after purchasing an additional 33,812 shares during the period. Finally, Fidelis Capital Partners LLC purchased a new position in shares of Entravision Communications during the 2nd quarter valued at $46,000. 69.46% of the stock is owned by hedge funds and other institutional investors.

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.