Emerald (NYSE:EEX) Sees Unusually-High Trading Volume – Still a Buy?

Emerald Holding, Inc. (NYSE:EEX) saw an uptick in trading volume on Tuesday . 116,825 shares traded hands during mid-day trading, a decline of 27% from the previous session’s volume of 159,038 shares.The stock last traded at $4.79 and had previously closed at $4.83.

Analyst Upgrades and Downgrades

EEX has been the subject of a number of recent analyst reports. Maxim Group lowered their price objective on Emerald from $11.00 to $8.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Rosenblatt Securities dropped their price target on shares of Emerald from $8.40 to $7.80 and set a “buy” rating for the company in a research note on Thursday, October 31st.

Emerald Stock Down 0.6 %

The stock has a 50 day moving average of $4.64 and a 200 day moving average of $5.11. The firm has a market capitalization of $974.32 million, a price-to-earnings ratio of -8.89 and a beta of 1.44. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 1.02.

Emerald Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Monday, November 11th were issued a $0.015 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 1.25%. Emerald’s dividend payout ratio (DPR) is -11.11%.

Hedge Funds Weigh In On Emerald

Several large investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new position in Emerald in the third quarter worth about $53,000. Virtu Financial LLC bought a new stake in shares of Emerald in the 3rd quarter worth approximately $67,000. Barclays PLC boosted its position in Emerald by 184.2% during the 3rd quarter. Barclays PLC now owns 21,977 shares of the company’s stock valued at $109,000 after purchasing an additional 14,244 shares during the period. Paloma Partners Management Co bought a new position in Emerald during the 3rd quarter worth $164,000. Finally, Centiva Capital LP acquired a new stake in Emerald in the third quarter worth $169,000. 14.90% of the stock is currently owned by 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.