Emerald (NYSE:EEX) Sets New 1-Year Low – Time to Sell?

Emerald Holding, Inc. (NYSE:EEX) shares hit a new 52-week low on Thursday . The stock traded as low as $4.08 and last traded at $4.12, with a volume of 16921 shares changing hands. The stock had previously closed at $4.20.

Emerald Price Performance

The business’s 50-day moving average price is $5.06 and its 200 day moving average price is $5.63. The company has a market capitalization of $826.94 million, a P/E ratio of -8.28 and a beta of 1.36. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.98.

Emerald (NYSE:EEX) last announced its quarterly earnings results on Wednesday, August 7th. The company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.16) by $0.13. The firm had revenue of $86.00 million during the quarter. Emerald had a net margin of 0.25% and a return on equity of 3.53%.

Emerald Announces Dividend

The business also recently disclosed a — dividend, which was paid on Thursday, August 29th. Investors of record on Monday, August 19th were given a $0.015 dividend. The ex-dividend date was Monday, August 19th.

Institutional Trading of Emerald

A number of hedge funds have recently made changes to their positions in EEX. SG Americas Securities LLC bought a new position in Emerald during the third quarter valued at approximately $53,000. Bank of New York Mellon Corp lifted its stake in Emerald by 5.9% in the second quarter. Bank of New York Mellon Corp now owns 70,486 shares of the company’s stock worth $401,000 after purchasing an additional 3,950 shares during the last quarter. FFT Wealth Management LLC bought a new stake in Emerald in the second quarter worth $532,000. Thrivent Financial for Lutherans boosted its position in Emerald by 17.8% during the second quarter. Thrivent Financial for Lutherans now owns 126,479 shares of the company’s stock valued at $719,000 after buying an additional 19,156 shares during the period. Finally, Renaissance Technologies LLC grew its stake in shares of Emerald by 9.0% during the second quarter. Renaissance Technologies LLC now owns 195,357 shares of the company’s stock valued at $1,112,000 after buying an additional 16,200 shares during the last quarter. 14.90% of the stock is owned by institutional investors.

About Emerald

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.