TVA Group (TSE:TVA.B) Stock Passes Above Two Hundred Day Moving Average – Here’s What Happened

TVA Group Inc (TSE:TVA.B)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$0.76 and traded as high as C$1.26. TVA Group shares last traded at C$1.26, with a volume of 6,759 shares traded.

Analyst Ratings Changes

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 research note on Monday, February 23rd. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of C$1.00.

TVA Group Price Performance

The company has a 50 day moving average of C$1.06 and a two-hundred day moving average of C$0.76. The firm has a market cap of C$54.44 million, a P/E ratio of 3.71, a PEG ratio of 1.90 and a beta of 0.32. The company has a quick ratio of 0.74, a current ratio of 1.08 and a debt-to-equity ratio of 25.36.

TVA Group (TSE:TVA.B) last released its quarterly earnings results 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 during the quarter. Sell-side analysts expect that TVA Group Inc will post 0.05 EPS 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.