Emerald (NYSE:EEX) Sees Large Volume Increase – Time to Buy?

Shares of Emerald Holding, Inc. (NYSE:EEX) saw an uptick in trading volume on Wednesday . 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 Analysts Forecast Growth

EEX has been the topic of several recent research reports. Rosenblatt Securities dropped their price target on shares of Emerald from $8.40 to $7.80 and set a “buy” rating on the stock in a research report on Thursday, October 31st. Maxim Group dropped their target price on Emerald from $11.00 to $8.00 and set a “buy” rating on the stock in a report on Thursday, October 31st.

Emerald Stock Performance

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

Emerald Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Monday, November 11th were given 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 Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC purchased a new position in shares of Emerald in the third quarter valued at $53,000. Virtu Financial LLC purchased a new position in shares of Emerald during the third quarter worth approximately $67,000. Barclays PLC grew its stake in shares of Emerald by 184.2% during the third quarter. Barclays PLC now owns 21,977 shares of the company’s stock valued at $109,000 after buying an additional 14,244 shares during the last quarter. Paloma Partners Management Co purchased a new position in shares of Emerald in the third quarter valued at about $164,000. Finally, Centiva Capital LP purchased a new stake in Emerald in the third quarter worth $169,000. 14.90% of the stock is currently owned by hedge funds and other institutional investors.

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.