Emerald (NYSE:EEX) Sees Strong Trading Volume

Emerald Holding, Inc. (NYSE:EEX) saw strong trading volume on Monday . 171,598 shares were traded during mid-day trading, an increase of 60% from the previous session’s volume of 107,122 shares.The stock last traded at $4.76 and had previously closed at $5.41.

Emerald Price Performance

The company has a market capitalization of $991.10 million, a P/E ratio of -6.48 and a beta of 1.37. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.34 and a quick ratio of 1.34. The firm’s 50-day moving average is $5.46 and its 200-day moving average is $5.82.

Emerald (NYSE:EEX) last posted its quarterly earnings data on Wednesday, August 7th. The company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.16) by $0.13. The firm had revenue of $86.00 million during the quarter. Emerald had a return on equity of 3.53% and a net margin of 0.25%.

Emerald Dividend Announcement

The business also recently disclosed a — dividend, which was paid on Thursday, August 29th. Investors of record on Monday, August 19th were paid a dividend of $0.015 per share. The ex-dividend date was Monday, August 19th.

Institutional Trading of Emerald

Several institutional investors and hedge funds have recently modified their holdings of EEX. Cannell Capital LLC lifted its holdings in Emerald by 30.8% in the 4th quarter. Cannell Capital LLC now owns 1,192,951 shares of the company’s stock worth $7,134,000 after purchasing an additional 280,744 shares in the last quarter. FFT Wealth Management LLC bought a new position in shares of Emerald during the second quarter worth $532,000. Thrivent Financial for Lutherans grew its stake in Emerald by 17.8% during the second quarter. Thrivent Financial for Lutherans now owns 126,479 shares of the company’s stock valued at $719,000 after acquiring an additional 19,156 shares in the last quarter. Renaissance Technologies LLC increased its holdings in Emerald by 9.0% in the 2nd quarter. Renaissance Technologies LLC now owns 195,357 shares of the company’s stock valued at $1,112,000 after acquiring an additional 16,200 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in Emerald by 21.8% in the 1st quarter. Assenagon Asset Management S.A. now owns 32,380 shares of the company’s stock worth $221,000 after purchasing an additional 5,785 shares in the last quarter. 14.90% of the stock is currently owned by institutional investors.

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.