Emerald (NYSE:EEX) Sees Strong Trading Volume

Emerald Holding, Inc. (NYSE:EEX) shares saw strong trading volume on Tuesday . 51,751 shares changed hands during mid-day trading, a decline of 49% from the previous session’s volume of 102,172 shares.The stock last traded at $6.42 and had previously closed at $6.48.

Emerald Price Performance

The business has a 50-day moving average of $5.43 and a 200 day moving average of $5.84. The firm has a market capitalization of $1.33 billion, a P/E ratio of -8.67 and a beta of 1.37. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.98.

Emerald (NYSE:EEX) last issued its earnings results on Wednesday, August 7th. The company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.13. Emerald had a return on equity of 3.53% and a net margin of 0.25%. The company had revenue of $86.00 million for the quarter.

Emerald Dividend Announcement

The firm also recently disclosed a — dividend, which was paid on Thursday, August 29th. Stockholders of record on Monday, August 19th were issued a dividend of $0.015 per share. The ex-dividend date was Monday, August 19th.

Institutional Investors Weigh In On Emerald

A number of institutional investors and hedge funds have recently made changes to their positions in EEX. Cannell Capital LLC increased its holdings in Emerald by 30.8% during the 4th quarter. Cannell Capital LLC now owns 1,192,951 shares of the company’s stock worth $7,134,000 after purchasing an additional 280,744 shares in the last quarter. Vanguard Group Inc. raised its position in Emerald by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 1,113,221 shares of the company’s stock valued at $7,581,000 after buying an additional 5,184 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Emerald by 1.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 269,034 shares of the company’s stock valued at $1,531,000 after acquiring an additional 2,624 shares in the last quarter. Renaissance Technologies LLC lifted its stake in Emerald by 9.0% during the 2nd quarter. Renaissance Technologies LLC now owns 195,357 shares of the company’s stock valued at $1,112,000 after acquiring an additional 16,200 shares in the last quarter. Finally, Thrivent Financial for Lutherans boosted its holdings in Emerald by 17.8% during the 2nd quarter. Thrivent Financial for Lutherans now owns 126,479 shares of the company’s stock worth $719,000 after acquiring an additional 19,156 shares during the last quarter. Institutional investors and hedge funds own 14.90% of the company’s stock.

Emerald Company Profile

Emerald Holding, Inc operates business-to-business (B2B) trade shows in the United States. The company provides B2B trade show franchises; and B2B print publications and digital media products, which provide industry specific business news and information across various sectors. It also offers B2B e-commerce and digital merchandising solutions to manufacturers and retailers through Elastic Suite and Bulletin platforms.