Emerald (NYSE:EEX) Shares Gap Down – What’s Next?

Emerald Holding, Inc. (NYSE:EEX) shares gapped down before the market opened on Monday . The stock had previously closed at $4.09, but opened at $3.99. Emerald shares last traded at $4.28, with a volume of 16,275 shares.

Wall Street Analyst Weigh In

Separately, Rosenblatt Securities restated a “buy” rating and set a $7.80 price objective on shares of Emerald in a report on Thursday, March 13th.

Emerald Stock Performance

The company has a debt-to-equity ratio of 1.02, a current ratio of 1.27 and a quick ratio of 1.27. The stock has a market cap of $876.89 million, a price-to-earnings ratio of -8.00 and a beta of 1.31. The company’s fifty day simple moving average is $4.36 and its two-hundred day simple moving average is $4.62.

Emerald (NYSE:EEX) last posted its earnings results on Friday, March 14th. The company reported $0.03 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.03. Emerald had a negative net margin of 5.29% and a negative return on equity of 13.26%. The firm had revenue of $106.80 million during the quarter, compared to analyst estimates of $108.05 million.

Emerald Announces Dividend

The company also recently announced 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 of this dividend is Monday, March 10th. This represents a $0.06 annualized dividend and a dividend yield of 1.39%. Emerald’s payout ratio is -120.00%.

Institutional Trading of Emerald

Several institutional investors have recently made changes to their positions in EEX. Charles Schwab Investment Management Inc. grew its stake in shares of Emerald by 247.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 148,201 shares of the company’s stock worth $740,000 after acquiring an additional 105,535 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Emerald during the third quarter valued at about $222,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Emerald during the third quarter valued at about $195,000. Paloma Partners Management Co bought a new position in Emerald during the third quarter valued at about $164,000. Finally, Centiva Capital LP bought a new position in Emerald during the third quarter valued at about $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.