Viad (NYSE:VVI) Sees Strong Trading Volume

Viad Corp (NYSE:VVI) shares saw strong trading volume on Thursday . 141,698 shares were traded during trading, an increase of 69% from the previous session’s volume of 84,044 shares.The stock last traded at $36.50 and had previously closed at $37.73.

Analyst Ratings Changes

Separately, StockNews.com lowered Viad from a “hold” rating to a “sell” rating in a research report on Friday.

Viad Stock Performance

The firm has a 50 day moving average price of $34.81 and a 200-day moving average price of $35.03. The company has a debt-to-equity ratio of 4.67, a quick ratio of 0.93 and a current ratio of 0.97. The company has a market cap of $733.14 million, a P/E ratio of -91.29, a P/E/G ratio of 1.41 and a beta of 2.04.

Viad (NYSE:VVI) last issued its quarterly earnings results on Thursday, May 2nd. The business services provider reported ($1.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.98) by ($0.15). Viad had a return on equity of 12.70% and a net margin of 0.61%. The business had revenue of $273.50 million for the quarter, compared to analyst estimates of $271.11 million. On average, research analysts predict that Viad Corp will post 1.62 EPS for the current year.

Hedge Funds Weigh In On Viad

Several large investors have recently added to or reduced their stakes in the company. AJOVista LLC bought a new position in shares of Viad during the 4th quarter worth about $54,000. Advisory Services Network LLC acquired a new stake in Viad during the fourth quarter valued at approximately $163,000. Arizona State Retirement System bought a new stake in shares of Viad in the 4th quarter valued at approximately $211,000. Bailard Inc. acquired a new position in shares of Viad in the 4th quarter worth approximately $212,000. Finally, Lazard Asset Management LLC bought a new position in shares of Viad during the 1st quarter worth approximately $228,000. Institutional investors and hedge funds own 89.91% of the company’s stock.

Viad Company Profile

Viad Corp provides hospitality, leisure activities, experiential marketing, and live events in the United States, Canada, Europe, the Middle East, and Africa. It operates in three segments: Pursuit, Spiro, and GES Exhibitions. The Pursuit segment offers recreational attractions, hotels and lodges, food and beverage, retail, sightseeing, and ground transportation services.