Entravision Communications (NYSE:EVC) Stock Crosses Above 200 Day Moving Average – Time to Sell?

Entravision Communications Corporation (NYSE:EVC)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.78 and traded as high as $3.17. Entravision Communications shares last traded at $3.1040, with a volume of 332,117 shares changing hands.

Wall Street Analyst Weigh In

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

Entravision Communications Stock Up 3.5%

The company’s 50 day moving average is $3.07 and its 200 day moving average is $2.78. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 2.65. The company has a market cap of $285.44 million, a PE ratio of -3.53 and a beta of 1.30.

Entravision Communications Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 6.4%. The ex-dividend date of this dividend is Tuesday, March 17th. Entravision Communications’s payout ratio is presently -22.73%.

Institutional Trading of Entravision Communications

Hedge funds and other institutional investors have recently made changes to their positions in the business. SG Americas Securities LLC purchased a new stake in Entravision Communications in the third quarter valued at about $27,000. StoneX Group Inc. acquired a new position in Entravision Communications in the 4th quarter worth approximately $35,000. BNP Paribas Financial Markets raised its holdings in shares of 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 last quarter. Vise Technologies Inc. purchased a new position in shares of Entravision Communications during the 4th quarter valued at about $38,000. Finally, AQR Capital Management LLC acquired a new position in Entravision Communications in the first quarter valued at approximately $28,000. Hedge funds and other institutional investors own 69.46% of the company’s stock.

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.