Emerald Holding, Inc. (NYSE:EEX – Get Free Report) shares shot up 7% on Monday . The company traded as high as $4.71 and last traded at $4.71. 35,424 shares were traded during trading, a decline of 75% from the average session volume of 141,589 shares. The stock had previously closed at $4.40.
Emerald Price Performance
The company’s fifty day simple moving average is $5.41 and its 200-day simple moving average is $5.79. The stock has a market cap of $990.65 million, a P/E ratio of -5.87 and a beta of 1.37. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.98.
Emerald (NYSE:EEX – Get Free Report) last posted its quarterly earnings results on Wednesday, August 7th. The company reported ($0.03) earnings per share (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 net margin of 0.25% and a return on equity of 3.53%.
Emerald Announces Dividend
Institutional Investors Weigh In On Emerald
Several large investors have recently made changes to their positions in EEX. Thrivent Financial for Lutherans boosted its stake in Emerald by 17.8% in the second quarter. Thrivent Financial for Lutherans now owns 126,479 shares of the company’s stock worth $719,000 after purchasing an additional 19,156 shares in the last quarter. Renaissance Technologies LLC lifted its position in Emerald by 9.0% during the 2nd quarter. Renaissance Technologies LLC now owns 195,357 shares of the company’s stock worth $1,112,000 after buying an additional 16,200 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Emerald by 1.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 269,034 shares of the company’s stock worth $1,531,000 after acquiring an additional 2,624 shares during the last quarter. FFT Wealth Management LLC bought a new stake in Emerald during the 2nd quarter worth about $532,000. Finally, Bank of New York Mellon Corp raised its stake in shares of Emerald by 5.9% in the second quarter. Bank of New York Mellon Corp now owns 70,486 shares of the company’s stock worth $401,000 after acquiring an additional 3,950 shares during the last quarter. 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.
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