TVA Group (TSE:TVA.B) Share Price Passes Above 200 Day Moving Average – Should You Sell?

TVA Group Inc (TSE:TVA.B)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$0.87 and traded as high as C$1.74. TVA Group shares last traded at C$1.67, with a volume of 8,612 shares traded.

Wall Street Analysts Forecast Growth

Separately, National Bank Financial increased their price target on TVA Group from C$0.75 to C$1.00 and gave the stock a “sector perform” rating in a report on Monday, February 23rd. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, TVA Group currently has a consensus rating of “Hold” and a consensus price target of C$1.00.

TVA Group Stock Down 5.1%

The firm’s fifty day moving average price is C$1.28 and its two-hundred day moving average price is C$0.87. The stock has a market cap of C$72.15 million, a price-to-earnings ratio of 2.35, a price-to-earnings-growth ratio of 1.90 and a beta of -0.03. The company has a debt-to-equity ratio of 25.36, a current ratio of 1.08 and a quick ratio of 0.74.

TVA Group (TSE:TVA.B) last announced its quarterly earnings data on Monday, May 11th. The company reported C($0.10) earnings per share for the quarter. TVA Group had a negative net margin of 6.87% and a negative return on equity of 10.65%. The company had revenue of C$117.79 million for the quarter. Sell-side analysts forecast that TVA Group Inc will post 0.05 earnings per share 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.