Entravision Communications (NYSE:EVC) Stock Price Passes Above 200-Day Moving Average – Should You Sell?

Shares of Entravision Communications Co. (NYSE:EVC) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.23 and traded as high as $2.25. Entravision Communications shares last traded at $2.25, with a volume of 193,599 shares traded.

Entravision Communications Price Performance

The firm has a market capitalization of $202.02 million, a PE ratio of -1.81 and a beta of 0.96. The company has a debt-to-equity ratio of 0.90, a current ratio of 2.70 and a quick ratio of 2.70. The business’s 50 day moving average is $2.31 and its two-hundred day moving average is $2.23.

Institutional Trading of Entravision Communications

Institutional investors and hedge funds have recently made changes to their positions in the stock. Gate City Capital Management LLC increased its stake in 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 valued at $24,613,000 after acquiring an additional 668,031 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Entravision Communications by 1.0% during the 4th quarter. Renaissance Technologies LLC now owns 2,423,173 shares of the company’s stock valued at $5,694,000 after purchasing an additional 24,430 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Entravision Communications by 3.4% during the 3rd 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 in the last quarter. State Street Corp lifted its position in Entravision Communications by 5.9% in the 3rd quarter. State Street Corp now owns 1,374,611 shares of the company’s stock worth $2,845,000 after buying an additional 76,622 shares during the last quarter. Finally, Boston Partners bought a new stake in Entravision Communications in the 4th quarter worth approximately $2,358,000. Hedge funds and other 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.