Emerald (NYSE:EEX) Sees Strong Trading Volume – What’s Next?

Shares of Emerald Holding, Inc. (NYSE:EEX) saw an uptick in trading volume on Thursday . 1,220,941 shares were traded during trading, an increase of 629% from the previous session’s volume of 167,404 shares.The stock last traded at $4.9750 and had previously closed at $4.98.

Analyst Ratings Changes

EEX has been the subject of a number of research analyst reports. Rosenblatt Securities reaffirmed a “neutral” rating and set a $5.03 price objective (down from $7.70) on shares of Emerald in a report on Tuesday, May 12th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Emerald in a report on Friday, May 8th. Finally, Maxim Group lowered shares of Emerald from a “buy” rating to a “hold” rating in a report on Monday, May 11th. Two equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of $5.03.

Emerald Stock Performance

The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.91 and a current ratio of 0.91. The business’s fifty day simple moving average is $4.66 and its 200-day simple moving average is $4.47. The firm has a market capitalization of $984.60 million, a PE ratio of -26.19 and a beta of 0.55.

Emerald (NYSE:EEX) last announced its quarterly earnings data on Monday, May 11th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.06). Emerald had a negative net margin of 8.24% and a negative return on equity of 10.81%. The company had revenue of $155.40 million for the quarter, compared to analysts’ expectations of $155.40 million.

Emerald Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Thursday, May 21st will be issued a $0.015 dividend. The ex-dividend date of this dividend is Thursday, May 21st. This represents a $0.06 dividend on an annualized basis and a dividend yield of 1.2%. Emerald’s dividend payout ratio (DPR) is -31.58%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. State of Alaska Department of Revenue purchased a new position in shares of Emerald in the third quarter valued at $31,000. Russell Investments Group Ltd. grew its holdings in shares of Emerald by 127.0% in the fourth quarter. Russell Investments Group Ltd. now owns 6,957 shares of the company’s stock valued at $31,000 after purchasing an additional 3,892 shares in the last quarter. Abel Hall LLC purchased a new position in shares of Emerald in the first quarter valued at $48,000. Ritholtz Wealth Management purchased a new position in shares of Emerald in the fourth quarter valued at $67,000. Finally, Wells Fargo & Company MN grew its holdings in shares of Emerald by 79.0% in the fourth quarter. Wells Fargo & Company MN now owns 15,308 shares of the company’s stock valued at $68,000 after purchasing an additional 6,756 shares in the last quarter. 14.90% of the stock is owned by hedge funds and other institutional investors.

About Emerald

Emerald (NYSE: EEX) is a global provider of independent data, news and analytics for commodity, financial and energy markets. The company operates digital platforms that deliver real-time and historical price assessments, market commentary, research reports and risk-management tools. Its subscriber base spans traders, asset managers, corporate hedgers and financial institutions seeking timely intelligence to support trading, risk management and investment decisions.

Serving clients across North America, Europe and Asia-Pacific, Emerald covers a broad range of markets including metals, energy products, agriculture, freight, environmental emissions and treasury benchmarks.