TVA Group (TSE:TVA.B) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

Shares of TVA Group Inc (TSE:TVA.B) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$0.91 and traded as high as C$1.50. TVA Group shares last traded at C$1.48, with a volume of 16,580 shares traded.

Wall Street Analysts Forecast Growth

Separately, National Bank Financial increased their target price on shares of TVA Group from C$0.75 to C$1.00 and gave the stock a “sector perform” rating in a research note 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 Trading Up 12.1%

The company’s 50 day moving average price is C$1.34 and its 200 day moving average price is C$0.93. 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 firm has a market cap of C$72.15 million, a PE ratio of 2.35, a price-to-earnings-growth ratio of 1.90 and a beta of -0.03.

TVA Group (TSE:TVA.B) last posted its quarterly earnings data on Monday, May 11th. The company reported C($0.10) EPS for the quarter. TVA Group had a negative net margin of 6.87% and a negative return on equity of 10.65%. The business had revenue of C$117.79 million during the quarter. As a group, analysts forecast that TVA Group Inc will post 0.05 EPS for the current fiscal 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.