TVA Group (TSE:TVA.B) Stock Price Up 18.2% – Here’s Why

TVA Group Inc (TSE:TVA.B) was up 18.2% during trading on Monday . The company traded as high as C$0.65 and last traded at C$0.65. Approximately 121,800 shares traded hands during mid-day trading, an increase of 518% from the average daily volume of 19,707 shares. The stock had previously closed at C$0.55.

Analysts Set New Price Targets

Separately, National Bankshares raised TVA Group from an “underperform” rating to a “sector perform” rating and increased their price objective for the stock from C$0.25 to C$0.75 in a research note on Tuesday, November 4th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, TVA Group has an average rating of “Hold” and an average price target of C$0.75.

TVA Group Stock Performance

The company has a debt-to-equity ratio of 25.36, a current ratio of 1.08 and a quick ratio of 0.74. The stock’s 50-day simple moving average is C$0.57 and its 200 day simple moving average is C$0.63. The stock has a market capitalization of C$28.08 million, a P/E ratio of -1.51, a PEG ratio of 1.90 and a beta of 0.05.

TVA Group (TSE:TVA.B) last issued its earnings results on Thursday, October 30th. The company reported C$2.13 earnings per share for the quarter. The firm had revenue of C$106.19 million for the quarter. TVA Group had a negative return on equity of 10.65% and a negative net margin of 6.87%. Research analysts expect that TVA Group Inc will post 0.05 EPS for the current fiscal year.

About TVA Group

TVA Group Inc is a Canada based communications company. Along with its subsidiaries, the firm operates in three segments including the Broadcasting & Production segment which includes the operations of TVA Network, marketing of digital products, commercial production services and distribution of audiovisual products. The Magazines segment publishes French and English language magazines in various fields such as the arts, entertainment, fashion, and sports and markets digital products and provides custom publishing, commercial print production, and pre-media services.