Emerald (NYSE:EEX) Trading Down 0% – Should You Sell?

Emerald Holding, Inc. (NYSE:EEX)’s stock price was down 0% on Friday . The company traded as low as $5.02 and last traded at $5.0390. Approximately 220,030 shares changed hands during mid-day trading, an increase of 204% from the average daily volume of 72,348 shares. The stock had previously closed at $5.04.

Wall Street Analysts Forecast Growth

EEX has been the subject of a number of research analyst reports. Weiss Ratings upgraded shares of Emerald from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, June 2nd. Maxim Group cut shares of Emerald from a “buy” rating to a “hold” rating in a research note on Monday, May 11th. Finally, Rosenblatt Securities reissued a “neutral” rating and set a $5.03 target price (down from $7.70) on shares of Emerald in a research report on Tuesday, May 12th. Two equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Emerald has an average rating of “Reduce” and a consensus target price of $5.03.

Emerald Stock Performance

The stock has a market capitalization of $997.26 million, a P/E ratio of -26.52 and a beta of 0.57. The company has a 50 day simple moving average of $5.01 and a 200-day simple moving average of $4.78. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.91 and a quick ratio of 0.91.

Emerald (NYSE:EEX) last issued its quarterly earnings results on Monday, May 11th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.06). The firm had revenue of $155.40 million for the quarter, compared to analysts’ expectations of $155.40 million. Emerald had a negative net margin of 8.24% and a negative return on equity of 10.81%.

Emerald Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Thursday, May 21st were paid a $0.015 dividend. This represents a $0.06 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Thursday, May 21st. Emerald’s payout ratio is currently -31.58%.

Hedge Funds Weigh In On Emerald

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. increased its stake in shares of Emerald by 127.0% in the fourth quarter. Russell Investments Group Ltd. now owns 6,957 shares of the company’s stock worth $31,000 after purchasing an additional 3,892 shares in the last quarter. Abel Hall LLC bought a new position in Emerald in the 1st quarter worth approximately $48,000. Ritholtz Wealth Management bought a new position in Emerald in the 4th quarter worth approximately $67,000. Wells Fargo & Company MN grew its stake in Emerald by 79.0% in the 4th quarter. Wells Fargo & Company MN now owns 15,308 shares of the company’s stock valued at $68,000 after buying an additional 6,756 shares in the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new position in Emerald in the 1st quarter valued at approximately $116,000. Institutional investors own 14.90% of the company’s stock.

About Emerald

Emerald (NYSE: EEX) is a global provider of independent data, news and analytics for commodity, financial and energy markets. The company operates digital platforms that deliver real-time and historical price assessments, market commentary, research reports and risk-management tools. Its subscriber base spans traders, asset managers, corporate hedgers and financial institutions seeking timely intelligence to support trading, risk management and investment decisions.

Serving clients across North America, Europe and Asia-Pacific, Emerald covers a broad range of markets including metals, energy products, agriculture, freight, environmental emissions and treasury benchmarks.