Entravision Communications (NYSE:EVC) Stock Passes Above 200 Day Moving Average – What’s Next?

Entravision Communications Co. (NYSE:EVC) shares 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.

Entravision Communications Stock Performance

The stock has a fifty day moving average price of $2.43 and a 200 day moving average price of $2.19. The company has a current ratio of 2.70, a quick ratio of 2.70 and a debt-to-equity ratio of 0.90. The firm has a market cap of $211.93 million, a price-to-earnings ratio of -1.90 and a beta of 0.98.

Entravision Communications Dividend Announcement

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

Institutional Trading of Entravision Communications

Institutional investors and hedge funds have recently modified their holdings of the company. Hsbc Holdings PLC grew its stake in shares of Entravision Communications by 46.3% in the second quarter. Hsbc Holdings PLC now owns 106,841 shares of the company’s stock worth $221,000 after acquiring an additional 33,812 shares during the last quarter. FMR LLC grew its position in Entravision Communications by 104.1% in the 3rd quarter. FMR LLC now owns 35,495 shares of the company’s stock worth $73,000 after purchasing an additional 18,106 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Entravision Communications by 3.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,465,030 shares of the company’s stock worth $3,033,000 after purchasing an additional 48,773 shares during the period. Barclays PLC raised its position in shares of Entravision Communications by 60.5% during the third quarter. Barclays PLC now owns 169,068 shares of the company’s stock valued at $351,000 after buying an additional 63,699 shares during the last quarter. Finally, Jane Street Group LLC lifted its stake in shares of Entravision Communications by 40.0% in the third quarter. Jane Street Group LLC now owns 152,119 shares of the company’s stock valued at $315,000 after buying an additional 43,499 shares during the period. 69.46% of the stock is currently owned by institutional investors and hedge funds.

About Entravision Communications

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.