Entravision Communications (NYSE:EVC) Shares Cross Above 200-Day Moving Average – Should You Sell?

Entravision Communications Co. (NYSE:EVC)’s share price 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 changing hands.

Entravision Communications Price Performance

The company has a debt-to-equity ratio of 0.90, a quick ratio of 2.70 and a current ratio of 2.70. The stock’s 50-day moving average is $2.43 and its two-hundred day moving average is $2.19.

Entravision Communications Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders 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 dividend yield of 8.49%. Entravision Communications’s dividend payout ratio (DPR) is -16.13%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Gabelli Funds LLC boosted its position in shares of Entravision Communications by 206.8% during the second quarter. Gabelli Funds LLC now owns 135,000 shares of the company’s stock valued at $274,000 after buying an additional 91,000 shares during the period. State Street Corp increased its position in Entravision Communications by 5.9% during the 3rd quarter. State Street Corp now owns 1,374,611 shares of the company’s stock valued at $2,845,000 after purchasing an additional 76,622 shares during the period. Barclays PLC lifted its holdings in Entravision Communications by 60.5% during the third quarter. Barclays PLC now owns 169,068 shares of the company’s stock worth $351,000 after buying an additional 63,699 shares during the period. Algert Global LLC lifted its stake in shares of Entravision Communications by 421.4% during the 2nd quarter. Algert Global LLC now owns 64,864 shares of the company’s stock worth $132,000 after purchasing an additional 52,424 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Entravision Communications by 3.4% during the third quarter. Geode Capital Management LLC now owns 1,465,030 shares of the company’s stock valued at $3,033,000 after buying an additional 48,773 shares during the last quarter. Institutional investors own 69.46% of the company’s stock.

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.