Entravision Communications (NYSE:EVC) Stock Price Passes Above 200-Day Moving Average - Here's What Happened

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)'s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred 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 Trading Up 5.2%

The business has a 50 day simple moving average of $2.29 and a 200-day simple moving average of $2.13. The company has a current ratio of 2.93, a quick ratio of 2.93 and a debt-to-equity ratio of 1.93. The stock has a market capitalization of $212.44 million, a price-to-earnings ratio of -1.43 and a beta of 1.57.

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

Entravision Communications Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 16th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 8.6%. The ex-dividend date of this dividend was Monday, June 16th. Entravision Communications's payout ratio is currently -12.27%.

Hedge Funds Weigh In On Entravision Communications

Several hedge funds and other institutional investors have recently modified their holdings of EVC. Gate City Capital Management LLC lifted its position in Entravision Communications by 6.8% during the 4th quarter. Gate City Capital Management LLC now owns 10,473,634 shares of the company's stock worth $24,613,000 after acquiring an additional 668,031 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its position in Entravision Communications by 594.8% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 269,653 shares of the company's stock worth $634,000 after acquiring an additional 230,845 shares in the last quarter. Millennium Management LLC lifted its position in Entravision Communications by 1,100.5% during the 4th quarter. Millennium Management LLC now owns 204,373 shares of the company's stock worth $480,000 after acquiring an additional 187,349 shares in the last quarter. Nuveen LLC acquired a new position in Entravision Communications during the 1st quarter worth approximately $366,000. Finally, Segall Bryant & Hamill LLC acquired a new position in Entravision Communications during the 1st quarter worth approximately $329,000. 69.46% of the stock is owned by institutional investors and hedge funds.

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.