Emerald (NYSE:EEX) Shares Gap Down - Time to Sell?

Emerald Holding, Inc. (NYSE:EEX - Get Free Report) shares gapped down prior to trading on Wednesday . The stock had previously closed at $4.66, but opened at $4.30. Emerald shares last traded at $4.30, with a volume of 9,544 shares changing hands.

Analysts Set New Price Targets

Separately, Rosenblatt Securities reissued a "buy" rating and set a $8.40 price objective on shares of Emerald in a research report on Friday, October 25th.

Emerald Trading Down 11.8 %

The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.98. The company has a market capitalization of $837.77 million, a P/E ratio of -5.48 and a beta of 1.36. The business has a fifty day moving average price of $4.90 and a 200 day moving average price of $5.44.

Emerald (NYSE:EEX - Get Free Report) last released its quarterly earnings results on Wednesday, August 7th. The company reported ($0.03) earnings per share for the quarter, topping analysts' consensus estimates of ($0.16) by $0.13. The firm had revenue of $86.00 million during the quarter. Emerald had a return on equity of 3.53% and a net margin of 0.25%.

Emerald Announces Dividend

The business also recently disclosed a -- dividend, which was paid on Thursday, August 29th. Stockholders of record on Monday, August 19th were issued a $0.015 dividend. The ex-dividend date was Monday, August 19th. Emerald's payout ratio is -40.00%.

Institutional Trading of Emerald

Several institutional investors and hedge funds have recently bought and sold shares of EEX. Dimensional Fund Advisors LP raised its stake in shares of Emerald by 1.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 269,034 shares of the company's stock worth $1,531,000 after purchasing an additional 2,624 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Emerald by 5.9% in the second quarter. Bank of New York Mellon Corp now owns 70,486 shares of the company's stock valued at $401,000 after acquiring an additional 3,950 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Emerald by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 1,113,221 shares of the company's stock valued at $7,581,000 after acquiring an additional 5,184 shares during the period. SG Americas Securities LLC acquired a new position in shares of Emerald during the 3rd quarter worth about $53,000. Finally, Renaissance Technologies LLC raised its holdings in shares of Emerald by 9.0% in the 2nd quarter. Renaissance Technologies LLC now owns 195,357 shares of the company's stock valued at $1,112,000 after purchasing an additional 16,200 shares during the period. Institutional investors own 14.90% of the company's stock.

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.