Emerald (NYSE:EEX) Stock Price Down 7.6%

Shares of Emerald Holding, Inc. (NYSE:EEX) dropped 7.6% during trading on Tuesday . The company traded as low as $4.60 and last traded at $4.61. Approximately 60,670 shares were traded during mid-day trading, a decline of 62% from the average daily volume of 158,556 shares. The stock had previously closed at $4.99.

Emerald Stock Performance

The stock’s 50-day moving average price is $5.30 and its 200 day moving average price is $5.74. 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 has a market cap of $939.69 million, a P/E ratio of -6.21 and a beta of 1.37.

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

Emerald Dividend Announcement

The firm also recently disclosed a — dividend, which was paid on Thursday, August 29th. Stockholders of record on Monday, August 19th were given a $0.015 dividend. The ex-dividend date was Monday, August 19th. Emerald’s dividend payout ratio is presently -40.00%.

Hedge Funds Weigh In On Emerald

Institutional investors have recently added to or reduced their stakes in the company. Cannell Capital LLC increased its holdings in shares of Emerald by 30.8% in the fourth quarter. Cannell Capital LLC now owns 1,192,951 shares of the company’s stock valued at $7,134,000 after purchasing an additional 280,744 shares during the last quarter. FFT Wealth Management LLC acquired a new position in shares of Emerald in the second quarter valued at $532,000. Thrivent Financial for Lutherans increased its holdings in shares of Emerald by 17.8% in the second quarter. Thrivent Financial for Lutherans now owns 126,479 shares of the company’s stock valued at $719,000 after purchasing an additional 19,156 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of Emerald by 9.0% in the second quarter. Renaissance Technologies LLC now owns 195,357 shares of the company’s stock valued at $1,112,000 after purchasing an additional 16,200 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of Emerald by 0.5% in the first quarter. Vanguard Group Inc. now owns 1,113,221 shares of the company’s stock valued at $7,581,000 after purchasing an additional 5,184 shares during the last quarter. 14.90% of the stock is currently owned by institutional investors and hedge funds.

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.