Entravision Communications (NYSE:EVC) Stock Price Crosses Above Two Hundred Day Moving Average - Should You Sell?

Shares of Entravision Communications Corporation (NYSE:EVC - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.13 and traded as high as $2.60. Entravision Communications shares last traded at $2.59, with a volume of 152,824 shares trading hands.

Entravision Communications Stock Up 3.6%

The firm has a market capitalization of $235.64 million, a PE ratio of -1.59 and a beta of 1.52. The firm's 50 day moving average price is $2.15 and its two-hundred day moving average price is $2.13. The company has a quick ratio of 2.93, a current ratio of 2.93 and a debt-to-equity ratio of 1.93.

Entravision Communications (NYSE:EVC - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.01 earnings per share for the quarter. Entravision Communications had a negative net margin of 39.08% and a negative return on equity of 36.86%.

Entravision Communications Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 16th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 7.72%. The ex-dividend date was Monday, June 16th. Entravision Communications's payout ratio is -12.27%.

Institutional Trading of Entravision Communications

Several institutional investors have recently made changes to their positions in the stock. Boston Partners acquired a new stake in shares of Entravision Communications in the fourth quarter worth $2,358,000. Gate City Capital Management LLC lifted its stake in shares of Entravision Communications by 6.8% in the fourth quarter. Gate City Capital Management LLC now owns 10,473,634 shares of the company's stock worth $24,613,000 after buying an additional 668,031 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its stake in shares of Entravision Communications by 594.8% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 269,653 shares of the company's stock worth $634,000 after buying an additional 230,845 shares during the last quarter. Millennium Management LLC lifted its stake in shares of Entravision Communications by 1,100.5% in the fourth quarter. Millennium Management LLC now owns 204,373 shares of the company's stock worth $480,000 after buying an additional 187,349 shares during the last quarter. Finally, Nuveen LLC acquired a new stake in shares of Entravision Communications in the first quarter worth $366,000. 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.

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