Entravision Communications (NYSE:EVC) Shares Pass Above 200-Day Moving Average – Should You Sell?

Entravision Communications Co. (NYSE:EVC)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.09 and traded as high as $2.64. Entravision Communications shares last traded at $2.57, with a volume of 285,395 shares trading hands.

Wall Street Analyst Weigh In

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

Entravision Communications Stock Down 0.4 %

The stock has a 50 day simple moving average of $2.17 and a 200-day simple moving average of $2.09. The firm has a market cap of $231.27 million, a PE ratio of -2.07 and a beta of 0.97. The company has a debt-to-equity ratio of 0.90, a current ratio of 2.70 and a quick ratio of 3.04.

Entravision Communications Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 7.78%. The ex-dividend date is Monday, December 16th. Entravision Communications’s dividend payout ratio is currently -16.13%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Founders Financial Securities LLC purchased a new position in shares of Entravision Communications in the second quarter worth $33,000. SG Americas Securities LLC grew its holdings in shares of Entravision Communications by 51.2% in the first quarter. SG Americas Securities LLC now owns 24,437 shares of the company’s stock worth $40,000 after acquiring an additional 8,280 shares during the period. Fidelis Capital Partners LLC bought a new stake in shares of Entravision Communications in the second quarter worth $46,000. Factorial Partners LLC bought a new stake in shares of Entravision Communications in the third quarter worth $52,000. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of Entravision Communications by 122.9% in the second quarter. The Manufacturers Life Insurance Company now owns 29,154 shares of the company’s stock worth $59,000 after acquiring an additional 16,072 shares during the period. Hedge funds and other institutional investors own 69.46% of the company’s stock.

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.