Emerald Holding, Inc. (NYSE:EEX - Get Free Report) saw an uptick in trading volume on Thursday . 564,057 shares changed hands during trading, an increase of 343% from the previous session's volume of 127,241 shares.The stock last traded at $4.25 and had previously closed at $4.38.
Analyst Upgrades and Downgrades
Several brokerages have recently weighed in on EEX. Rosenblatt Securities reduced their price objective on shares of Emerald from $8.40 to $7.80 and set a "buy" rating for the company in a research report on Thursday, October 31st. Maxim Group reduced their price objective on shares of Emerald from $11.00 to $8.00 and set a "buy" rating for the company in a research report on Thursday, October 31st.
Read Our Latest Report on Emerald
Emerald Stock Performance
The firm's 50-day moving average is $4.61 and its 200 day moving average is $4.77. The stock has a market cap of $859.62 million, a PE ratio of -7.84 and a beta of 1.43. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.27 and a current ratio of 1.27.
Institutional Trading of Emerald
Several institutional investors and hedge funds have recently bought and sold shares of EEX. Raymond James Financial Inc. purchased a new stake in Emerald in the 4th quarter valued at $2,970,000. MSD Partners L.P. acquired a new position in Emerald in the 4th quarter valued at $2,410,000. Bank of New York Mellon Corp increased its stake in Emerald by 721.6% in the 4th quarter. Bank of New York Mellon Corp now owns 484,135 shares of the company's stock valued at $2,334,000 after buying an additional 425,207 shares during the period. Jane Street Group LLC increased its stake in Emerald by 1,249.7% in the 3rd quarter. Jane Street Group LLC now owns 352,566 shares of the company's stock valued at $1,759,000 after buying an additional 326,445 shares during the period. Finally, Advisory Research Inc. increased its stake in Emerald by 15.4% in the 4th quarter. Advisory Research Inc. now owns 1,309,139 shares of the company's stock valued at $6,310,000 after buying an additional 175,000 shares during the period. Hedge funds and other institutional investors own 14.90% of the company's stock.
About Emerald
(
Get Free Report)
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.
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