TVA Group (TSE:TVA.B) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

TVA Group Inc (TSE:TVA.B)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$0.60 and traded as high as C$0.64. TVA Group shares last traded at C$0.64, with a volume of 1,006 shares changing hands.

Wall Street Analyst Weigh In

Separately, National Bank Financial upgraded shares of TVA Group from an “underperform” rating to a “sector perform” rating and upped their price objective for the stock from C$0.25 to C$0.75 in a report on Tuesday, November 4th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of C$0.75.

TVA Group Stock Up 3.2%

The company has a quick ratio of 0.74, a current ratio of 1.08 and a debt-to-equity ratio of 25.36. The business has a 50-day simple moving average of C$0.57 and a 200-day simple moving average of C$0.60. The stock has a market cap of C$27.65 million, a P/E ratio of -1.49, a PEG ratio of 1.90 and a beta of -0.15.

TVA Group (TSE:TVA.B) last released its quarterly earnings results on Thursday, October 30th. The company reported C$2.13 EPS 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$106.19 million for the quarter. Analysts expect that TVA Group Inc will post 0.05 EPS for the current year.

TVA Group Company Profile

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.