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

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 trading 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 raised their target price for the company from C$0.25 to C$0.75 in a report on Tuesday, November 4th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of C$0.75.

TVA Group Stock Performance

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 stock has a fifty day moving average price of C$0.58 and a two-hundred day moving average price of C$0.60. The company has a market capitalization of C$28.52 million, a price-to-earnings ratio of -1.53, a PEG ratio of 1.90 and a beta of -0.15.

TVA Group (TSE:TVA.B) last posted its quarterly earnings data on Thursday, February 19th. The company reported C$0.74 EPS for the quarter. TVA Group had a negative return on equity of 10.65% and a negative net margin of 6.87%.The firm had revenue of C$185.54 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.