Emerald (NYSE:EEX) Trading Down 11.6%

Emerald Holding, Inc. (NYSE:EEX)’s stock price was down 11.6% during trading on Thursday . The stock traded as low as $5.63 and last traded at $5.66. Approximately 35,646 shares were traded during trading, a decline of 66% from the average daily volume of 105,355 shares. The stock had previously closed at $6.40.

Emerald Stock Up 0.4 %

The stock has a market capitalization of $1.10 billion, a price-to-earnings ratio of -7.21 and a beta of 1.37. The firm has a 50-day moving average of $5.46 and a 200 day moving average of $5.83. 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 released its quarterly earnings results on Wednesday, August 7th. The company reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.13. Emerald had a net margin of 0.25% and a return on equity of 3.53%. The business had revenue of $86.00 million during the quarter.

Emerald Announces Dividend

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

Hedge Funds Weigh In On Emerald

A number of institutional investors have recently made changes to their positions in EEX. Cannell Capital LLC grew its position in shares of Emerald by 30.8% during the fourth quarter. Cannell Capital LLC now owns 1,192,951 shares of the company’s stock worth $7,134,000 after buying an additional 280,744 shares in the last quarter. FFT Wealth Management LLC bought a new position in Emerald during the 2nd quarter valued at $532,000. Thrivent Financial for Lutherans grew 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 in the last quarter. Renaissance Technologies LLC increased its position in shares of Emerald by 9.0% in the 2nd quarter. Renaissance Technologies LLC now owns 195,357 shares of the company’s stock worth $1,112,000 after purchasing an additional 16,200 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in shares of Emerald by 21.8% in the 1st quarter. Assenagon Asset Management S.A. now owns 32,380 shares of the company’s stock valued at $221,000 after purchasing an additional 5,785 shares in the last quarter. 14.90% of the stock is owned by institutional investors and hedge funds.

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.