Emerald (NYSE:EEX) Reaches New 12-Month Low - Time to Sell?

Emerald Holding, Inc. (NYSE:EEX - Get Free Report)'s share price hit a new 52-week low on Friday . The company traded as low as $3.20 and last traded at $3.73, with a volume of 230 shares traded. The stock had previously closed at $3.81.

Analysts Set New Price Targets

Separately, Rosenblatt Securities restated a "buy" rating and set a $7.80 price objective on shares of Emerald in a research report on Thursday, March 13th.

Emerald Stock Up 8.8 %

The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 1.02. The firm has a market capitalization of $715.97 million, a price-to-earnings ratio of -6.70 and a beta of 0.84. The firm has a 50 day moving average of $4.08 and a two-hundred day moving average of $4.44.

Emerald (NYSE:EEX - Get Free Report) last announced its quarterly earnings results on Friday, March 14th. The company reported $0.03 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.03. The company had revenue of $106.80 million for the quarter, compared to analyst estimates of $108.05 million. Emerald had a negative net margin of 5.29% and a negative return on equity of 13.26%.

Emerald Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Monday, March 10th were issued a dividend of $0.015 per share. This represents a $0.06 annualized dividend and a dividend yield of 1.68%. The ex-dividend date was Monday, March 10th. Emerald's dividend payout ratio (DPR) is -120.00%.

Institutional Trading of Emerald

Hedge funds and other institutional investors have recently made changes to their positions in the company. State of Wyoming grew its holdings in Emerald by 36.6% during the 4th quarter. State of Wyoming now owns 86,289 shares of the company's stock worth $416,000 after acquiring an additional 23,101 shares during the last quarter. MSD Partners L.P. bought a new stake in shares of Emerald in the fourth quarter worth $2,410,000. First Manhattan CO. LLC. increased its holdings in Emerald by 16.4% in the fourth quarter. First Manhattan CO. LLC. now owns 25,338 shares of the company's stock valued at $122,000 after purchasing an additional 3,575 shares during the period. Northern Trust Corp lifted its holdings in Emerald by 11.6% during the 4th quarter. Northern Trust Corp now owns 186,403 shares of the company's stock worth $898,000 after buying an additional 19,375 shares during the period. Finally, Two Sigma Securities LLC bought a new stake in shares of Emerald in the 4th quarter valued at about $62,000. 14.90% of the stock is currently owned by institutional investors.

About Emerald

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.