Emerald (NYSE:EEX) Stock Price Up 9.2% – What’s Next?

Shares of Emerald Holding, Inc. (NYSE:EEX) rose 9.2% during mid-day trading on Friday . The company traded as high as $3.98 and last traded at $3.99. Approximately 104,253 shares traded hands during mid-day trading, a decline of 39% from the average daily volume of 171,630 shares. The stock had previously closed at $3.65.

Analyst Upgrades and Downgrades

Separately, Rosenblatt Securities reissued a “buy” rating and set a $7.80 price target on shares of Emerald in a research report on Thursday.

Emerald Stock Performance

The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.27 and a current ratio of 1.27. The firm has a market capitalization of $825.54 million, a price-to-earnings ratio of -7.49 and a beta of 1.31. The stock’s fifty day moving average is $4.39 and its two-hundred day moving average is $4.66.

Emerald (NYSE:EEX) last announced its earnings results on Friday, March 14th. The company reported $0.03 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.03. Emerald had a negative return on equity of 13.26% and a negative net margin of 5.29%.

Emerald Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Monday, March 10th will be given a dividend of $0.015 per share. This represents a $0.06 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date of this dividend is Monday, March 10th. Emerald’s payout ratio is currently -11.11%.

Institutional Trading of Emerald

Several institutional investors have recently added to or reduced their stakes in EEX. Jane Street Group LLC increased its position in shares of Emerald by 1,249.7% in the 3rd quarter. Jane Street Group LLC now owns 352,566 shares of the company’s stock worth $1,759,000 after purchasing an additional 326,445 shares during the last quarter. Geode Capital Management LLC grew its stake in Emerald by 1.2% in the third quarter. Geode Capital Management LLC now owns 391,404 shares of the company’s stock worth $1,953,000 after purchasing an additional 4,760 shares in the last quarter. State Street Corp increased its holdings in Emerald by 5.7% in the third quarter. State Street Corp now owns 235,640 shares of the company’s stock valued at $1,176,000 after buying an additional 12,622 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Emerald by 247.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 148,201 shares of the company’s stock valued at $740,000 after buying an additional 105,535 shares in the last quarter. Finally, Barclays PLC lifted its holdings in Emerald by 184.2% during the 3rd quarter. Barclays PLC now owns 21,977 shares of the company’s stock worth $109,000 after buying an additional 14,244 shares during the last quarter. 14.90% of the stock is owned by institutional investors and hedge funds.

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.