Emerald (NYSE:EEX) Reaches New 1-Year Low – Here’s What Happened

Emerald Holding, Inc. (NYSE:EEX)’s share price hit a new 52-week low on Wednesday . The company traded as low as $3.68 and last traded at $3.71, with a volume of 106601 shares changing hands. The stock had previously closed at $3.84.

Emerald Stock Down 3.4 %

The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 1.02. The company has a market cap of $753.07 million, a PE ratio of -6.87 and a beta of 1.31. The company’s fifty day moving average is $4.43 and its 200-day moving average is $4.67.

Emerald Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Monday, March 10th will be paid a $0.015 dividend. The ex-dividend date is Monday, March 10th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 1.62%. Emerald’s dividend payout ratio (DPR) is currently -11.11%.

Institutional Trading of Emerald

Several large investors have recently modified their holdings of the company. Charles Schwab Investment Management Inc. boosted its position in Emerald by 247.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 148,201 shares of the company’s stock worth $740,000 after purchasing an additional 105,535 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of Emerald in the 3rd quarter worth approximately $222,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Emerald in the 3rd quarter worth approximately $195,000. Paloma Partners Management Co purchased a new position in shares of Emerald in the third quarter worth approximately $164,000. Finally, Centiva Capital LP bought a new stake in Emerald during the third quarter valued at approximately $169,000. Institutional investors 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.