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

Shares of TVA Group Inc (TSE:TVA.B) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$0.60 and traded as high as C$0.66. TVA Group shares last traded at C$0.66, with a volume of 64,580 shares traded.

Analyst Ratings Changes

Separately, National Bank Financial raised TVA Group from an “underperform” rating to a “sector perform” rating and increased their price target for the stock from C$0.25 to C$0.75 in a research note on Tuesday, November 4th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, TVA Group presently has a consensus rating of “Hold” and a consensus target price of C$0.75.

TVA Group Stock Performance

The company’s fifty day moving average price is C$0.58 and its two-hundred day moving average price is C$0.60. The company has a debt-to-equity ratio of 25.36, a quick ratio of 0.74 and a current ratio of 1.08. The firm has a market capitalization of C$28.52 million, a PE ratio of -1.53, a price-to-earnings-growth ratio of 1.90 and a beta of -0.15.

TVA Group (TSE:TVA.B) last released its earnings results on Thursday, February 19th. The company reported C$0.74 earnings per share (EPS) for the quarter. TVA Group had a negative net margin of 6.87% and a negative return on equity of 10.65%. The firm had revenue of C$185.54 million during the quarter. As a group, equities analysts expect that TVA Group Inc will post 0.05 earnings per share for the current 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.