Emerald (NYSE:EEX) Sees Large Volume Increase – Here’s What Happened

Shares of Emerald Holding, Inc. (NYSE:EEX) saw unusually-strong trading volume on Wednesday . Approximately 633,364 shares were traded during mid-day trading, an increase of 310% from the previous session’s volume of 154,467 shares.The stock last traded at $4.89 and had previously closed at $4.83.

Wall Street Analyst Weigh In

Several analysts recently commented on EEX shares. Maxim Group cut their price objective on shares of Emerald from $11.00 to $8.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. Rosenblatt Securities decreased their price objective on shares of Emerald from $8.40 to $7.80 and set a “buy” rating for the company in a report on Thursday, October 31st.

Emerald Price Performance

The company has a debt-to-equity ratio of 1.02, a current ratio of 1.27 and a quick ratio of 1.27. The business’s 50 day moving average price is $4.53 and its 200 day moving average price is $5.25. The stock has a market capitalization of $992.59 million, a P/E ratio of -8.94 and a beta of 1.39.

Emerald Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Monday, November 11th were paid a dividend of $0.015 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.06 dividend on an annualized basis and a yield of 1.23%. Emerald’s dividend payout ratio is presently -11.11%.

Institutional Trading of Emerald

Large investors have recently modified their holdings of the company. SG Americas Securities LLC bought a new stake in shares of Emerald during the 3rd quarter valued at about $53,000. Virtu Financial LLC bought a new position in Emerald in the third quarter worth approximately $67,000. Barclays PLC boosted its stake in shares of Emerald by 184.2% during the 3rd quarter. Barclays PLC now owns 21,977 shares of the company’s stock worth $109,000 after acquiring an additional 14,244 shares during the last quarter. Paloma Partners Management Co bought a new stake in shares of Emerald during the 3rd quarter valued at $164,000. Finally, Centiva Capital LP purchased a new stake in shares of Emerald in the 3rd quarter worth $169,000. Institutional investors own 14.90% of the company’s stock.

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.