Emerald (NYSE:EEX) Shares Cross Below Fifty Day Moving Average - Here's Why

Emerald Holding, Inc. (NYSE:EEX - Get Free Report)'s stock price passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $4.51 and traded as low as $3.90. Emerald shares last traded at $3.91, with a volume of 115,774 shares trading hands.

Emerald Stock Down 2.2 %

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 firm has a 50-day simple moving average of $4.48 and a two-hundred day simple moving average of $4.69. The company has a market cap of $778.44 million, a PE ratio of -7.10 and a beta of 1.31.

Emerald Announces Dividend

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 issued a $0.015 dividend. The ex-dividend date is Monday, March 10th. This represents a $0.06 dividend on an annualized basis and a yield of 1.56%. Emerald's dividend payout ratio (DPR) is -11.11%.

Hedge Funds Weigh In On Emerald

A number of institutional investors have recently modified their holdings of the company. State of Wyoming boosted its position in Emerald by 36.6% during the fourth 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. acquired a new stake in shares of Emerald during the fourth quarter worth $2,410,000. First Manhattan CO. LLC. grew its position in shares of 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 increased its stake in Emerald by 11.6% in the fourth quarter. Northern Trust Corp now owns 186,403 shares of the company's stock valued at $898,000 after purchasing an additional 19,375 shares during the last quarter. Finally, Two Sigma Securities LLC purchased a new position in Emerald during the fourth quarter worth about $62,000. Institutional investors and hedge funds own 14.90% of the company's stock.

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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.