Emerald (NYSE:EEX) Trading 3.5% Higher – Should You Buy?

Emerald Holding, Inc. (NYSE:EEX) was up 3.5% on Wednesday . The stock traded as high as $4.40 and last traded at $4.46. Approximately 4,885 shares changed hands during mid-day trading, a decline of 95% from the average daily volume of 96,549 shares. The stock had previously closed at $4.31.

Wall Street Analyst Weigh In

Several analysts have commented on EEX shares. Rosenblatt Securities reiterated a “buy” rating and set a $7.70 target price on shares of Emerald in a research report on Wednesday, December 17th. Wall Street Zen cut Emerald from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Emerald in a research note on Monday. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $7.70.

Emerald Trading Up 3.5%

The company’s fifty day simple moving average is $4.11 and its two-hundred day simple moving average is $4.68. The company has a market capitalization of $882.03 million, a price-to-earnings ratio of 148.68 and a beta of 0.69. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.35.

Emerald (NYSE:EEX) last released its quarterly earnings data on Friday, October 31st. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.03). The firm had revenue of $77.50 million during the quarter, compared to the consensus estimate of $76.80 million. Emerald had a net margin of 1.05% and a return on equity of 1.20%.

Emerald Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 20th. Stockholders of record on Monday, November 10th were given a dividend of $0.015 per share. The ex-dividend date of this dividend was Monday, November 10th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 1.3%. Emerald’s dividend payout ratio (DPR) is currently 200.00%.

Hedge Funds Weigh In On Emerald

Several institutional investors and hedge funds have recently modified their holdings of the business. State of Alaska Department of Revenue acquired a new stake in Emerald during the 3rd quarter worth approximately $31,000. Police & Firemen s Retirement System of New Jersey bought a new stake in shares of Emerald during the second quarter worth $33,000. Vontobel Holding Ltd. acquired a new stake in shares of Emerald during the second quarter worth $61,000. Nuveen LLC acquired a new stake in shares of Emerald during the first quarter worth $78,000. Finally, Copeland Capital Management LLC lifted its position in Emerald by 16.4% in the 2nd quarter. Copeland Capital Management LLC now owns 19,328 shares of the company’s stock valued at $94,000 after acquiring an additional 2,718 shares in the last quarter. 14.90% of the stock is currently owned by institutional investors and hedge funds.

Emerald Company Profile

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.