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

Shares of Emerald Holding, Inc. (NYSE:EEX) gapped down prior to trading on Monday . The stock had previously closed at $4.09, but opened at $3.99. Emerald shares last traded at $4.28, with a volume of 16,275 shares traded.

Wall Street Analysts Forecast Growth

Separately, Rosenblatt Securities restated a “buy” rating and issued a $7.80 price target on shares of Emerald in a research note on Thursday.

Emerald Trading Up 7.7 %

The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 1.02. The company has a market capitalization of $894.14 million, a price-to-earnings ratio of -8.16 and a beta of 1.31. The company has a fifty day moving average of $4.37 and a 200-day moving average of $4.63.

Emerald (NYSE:EEX) last posted its quarterly earnings data on Friday, March 14th. The company reported $0.03 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.03. The company had revenue of $106.80 million for the quarter, compared to analysts’ expectations of $108.05 million. Emerald had a negative return on equity of 13.26% and a negative net margin of 5.29%.

Emerald Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Monday, March 10th will be issued a $0.015 dividend. This represents a $0.06 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date is Monday, March 10th. Emerald’s dividend payout ratio is presently -11.11%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. boosted its position in Emerald by 247.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 148,201 shares of the company’s stock worth $740,000 after acquiring an additional 105,535 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Emerald in the 3rd quarter valued at $222,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Emerald in the 3rd quarter valued at $195,000. Paloma Partners Management Co acquired a new position in shares of Emerald in the 3rd quarter valued at $164,000. Finally, Centiva Capital LP acquired a new position in shares of Emerald in the 3rd quarter valued at $169,000. 14.90% of the stock is owned by hedge funds and other institutional investors.

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.