Entravision Communications Co. (NYSE:EVC – Get Rating) saw a significant increase in short interest during the month of February. As of February 28th, there was short interest totalling 910,000 shares, an increase of 7.8% from the February 13th total of 844,500 shares. Based on an average daily trading volume, of 256,900 shares, the days-to-cover ratio is presently 3.5 days.
Entravision Communications Price Performance
NYSE EVC traded down $0.23 during trading hours on Friday, reaching $5.55. 176,670 shares of the company’s stock were exchanged, compared to its average volume of 356,766. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.75. The stock has a market cap of $471.47 million, a PE ratio of 27.53 and a beta of 1.17. The firm has a fifty day moving average of $6.37 and a 200-day moving average of $5.37. Entravision Communications has a one year low of $3.96 and a one year high of $7.32.
Entravision Communications Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 31st. Investors of record on Thursday, March 16th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.60%. This is a boost from Entravision Communications’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend is Wednesday, March 15th. Entravision Communications’s payout ratio is currently 47.62%.
Hedge Funds Weigh In On Entravision Communications
Analyst Upgrades and Downgrades
Separately, StockNews.com began coverage on shares of Entravision Communications in a report on Friday. They issued a “buy” rating for the company.
About Entravision Communications
Entravision Communications Corp. engages in the provision of media and marketing solutions, and data analytics services. It operates through the following segments: Television Broadcasting, Radio Broadcasting, and Digital Media. The Television Broadcasting segment offers an entertainment, news, and national news magazine, as well as local news produced by its TV stations.
- Get a free copy of the StockNews.com research report on Entravision Communications (EVC)
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