Emerald (NYSE:EEX) Stock Price Up 9.2% – Should You Buy?

Emerald Holding, Inc. (NYSE:EEX) was up 9.2% during mid-day trading on Friday . The company traded as high as $3.98 and last traded at $3.99. Approximately 104,253 shares changed hands during mid-day trading, a decline of 39% from the average daily volume of 171,630 shares. The stock had previously closed at $3.65.

Analyst Ratings Changes

Separately, Rosenblatt Securities reaffirmed a “buy” rating and set a $7.80 target price on shares of Emerald in a report on Thursday.

Emerald Price Performance

The stock has a market capitalization of $825.54 million, a price-to-earnings ratio of -7.49 and a beta of 1.31. 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 company has a 50-day simple moving average of $4.39 and a two-hundred day simple moving average of $4.66.

Emerald (NYSE:EEX) last released its quarterly earnings data on Friday, March 14th. The company reported $0.03 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.03. Emerald had a negative net margin of 5.29% and a negative return on equity of 13.26%.

Emerald Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Monday, March 10th will be issued a dividend of $0.015 per share. The ex-dividend date is Monday, March 10th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 1.48%. Emerald’s dividend payout ratio (DPR) is presently -11.11%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Copeland Capital Management LLC acquired a new position in shares of Emerald during the fourth quarter valued at $57,000. Two Sigma Securities LLC acquired a new position in Emerald during the 4th quarter valued at about $62,000. Virtu Financial LLC bought a new stake in shares of Emerald during the 3rd quarter worth about $67,000. XTX Topco Ltd acquired a new stake in shares of Emerald in the 4th quarter worth approximately $69,000. Finally, ExodusPoint Capital Management LP bought a new position in shares of Emerald in the fourth quarter valued at approximately $72,000. Institutional investors and hedge funds 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.