Entravision Communications (NYSE:EVC) Share Price Crosses Above Two Hundred Day Moving Average - Here's Why

Key Points

• Entravision Communications' stock price has surpassed its 200-day moving average, reaching $2.25 during trading, with the most recent close at $2.22.
• The company reported a negative return on equity of -36.86% and a net margin of -39.08%, indicating financial challenges.
• Entravision recently announced a quarterly dividend of $0.05 per share, representing a 9.0% yield, despite a negative dividend payout ratio of -12.27%.

Entravision Communications Corporation (NYSE:EVC - Get Free Report) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.13 and traded as high as $2.25. Entravision Communications shares last traded at $2.22, with a volume of 160,583 shares traded.

Entravision Communications Price Performance

The business's 50 day moving average is $2.30 and its 200-day moving average is $2.13. The firm has a market capitalization of $218.81 million, a P/E ratio of -1.48 and a beta of 1.57. 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 announced its quarterly earnings data on Tuesday, August 5th. The company reported ($0.04) earnings per share (EPS) for the quarter. The firm had revenue of $100.74 million during the quarter. Entravision Communications had a negative net margin of 39.08% and a negative return on equity of 36.86%.

Entravision Communications Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 16th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 8.3%. The ex-dividend date of this dividend was Monday, June 16th. Entravision Communications's dividend payout ratio (DPR) is -12.27%.

Institutional Trading of Entravision Communications

A number of hedge funds have recently added to or reduced their stakes in the stock. HBK Sorce Advisory LLC boosted its position in Entravision Communications by 45.6% in the second quarter. HBK Sorce Advisory LLC now owns 23,341 shares of the company's stock valued at $54,000 after buying an additional 7,314 shares in the last quarter. R Squared Ltd acquired a new stake in Entravision Communications in the second quarter valued at approximately $44,000. Goldman Sachs Group Inc. boosted its position in Entravision Communications by 14.0% in the first quarter. Goldman Sachs Group Inc. now owns 595,685 shares of the company's stock valued at $1,251,000 after buying an additional 73,103 shares in the last quarter. Jane Street Group LLC lifted its holdings in shares of Entravision Communications by 146.2% during the first quarter. Jane Street Group LLC now owns 38,070 shares of the company's stock worth $80,000 after purchasing an additional 22,606 shares during the period. Finally, Empowered Funds LLC lifted its holdings in shares of Entravision Communications by 7.4% during the first quarter. Empowered Funds LLC now owns 470,465 shares of the company's stock worth $988,000 after purchasing an additional 32,321 shares during the period. Institutional investors and hedge funds 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.