Emerald (NYSE:EEX) Sees Large Volume Increase – What’s Next?
by Amy Steele · The Cerbat GemEmerald Holding, Inc. (NYSE:EEX – Get Free Report) shares saw an uptick in trading volume on Tuesday . 173,884 shares traded hands during trading, an increase of 6% from the previous session’s volume of 164,348 shares.The stock last traded at $5.0050 and had previously closed at $4.99.
Wall Street Analysts Forecast Growth
Several research firms have issued reports on EEX. Weiss Ratings upgraded Emerald from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, June 2nd. Maxim Group cut Emerald from a “buy” rating to a “hold” rating in a research report on Monday, May 11th. Finally, Rosenblatt Securities reiterated 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 given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $5.03.
Emerald Trading Up 0.5%
The firm has a market cap of $992.52 million, a price-to-earnings ratio of -26.39 and a beta of 0.57. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.91 and a current ratio of 0.91. The business has a fifty day moving average of $4.81 and a two-hundred day moving average of $4.56.
Emerald (NYSE:EEX – Get Free Report) last posted its earnings results on Monday, May 11th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.06). Emerald had a negative net margin of 8.24% and a negative return on equity of 10.81%. The company had revenue of $155.40 million during the quarter, compared to analysts’ expectations of $155.40 million.
Emerald Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Thursday, May 21st were paid a $0.015 dividend. The ex-dividend date of this dividend was Thursday, May 21st. This represents a $0.06 dividend on an annualized basis and a yield of 1.2%. Emerald’s dividend payout ratio is presently -31.58%.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in EEX. Russell Investments Group Ltd. lifted its stake in shares of Emerald by 127.0% during the 4th 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 during the period. Abel Hall LLC purchased a new position in shares of Emerald during the 1st quarter worth $48,000. Ritholtz Wealth Management purchased a new position in shares of Emerald during the 4th quarter worth $67,000. Wells Fargo & Company MN lifted its stake in shares of Emerald by 79.0% during the 4th quarter. Wells Fargo & Company MN now owns 15,308 shares of the company’s stock worth $68,000 after purchasing an additional 6,756 shares during the period. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of Emerald during the 1st quarter worth $116,000. Hedge funds and other institutional investors own 14.90% of the company’s stock.
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.