Emerald (NYSE:EEX) Sets New 1-Year Low - Here's Why

Emerald Holding, Inc. (NYSE:EEX - Get Free Report) shares reached a new 52-week low on Thursday . The stock traded as low as $3.92 and last traded at $3.94, with a volume of 68074 shares traded. The stock had previously closed at $4.00.

Emerald Stock Down 0.4 %

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 business has a 50-day simple moving average of $4.48 and a 200-day simple moving average of $4.69. The stock has a market cap of $790.62 million, a P/E ratio of -7.21 and a beta of 1.31.

Emerald Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Monday, March 10th will be given a dividend of $0.015 per share. This represents a $0.06 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date is Monday, March 10th. Emerald's dividend payout ratio is -11.11%.

Institutional Investors Weigh In On Emerald

Hedge funds and other institutional investors have recently made changes to their positions in the business. Copeland Capital Management LLC bought a new stake in Emerald during the 4th quarter valued at approximately $57,000. Two Sigma Securities LLC acquired a new position in shares of Emerald during the fourth quarter worth approximately $62,000. Virtu Financial LLC acquired a new position in shares of Emerald during the third quarter worth approximately $67,000. XTX Topco Ltd acquired a new stake in shares of Emerald in the fourth quarter worth $69,000. Finally, ExodusPoint Capital Management LP bought a new position in Emerald during the fourth quarter worth $72,000. 14.90% of the stock is owned by institutional investors and hedge funds.

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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.