Emerald Holding, Inc. (NYSE:EEX) was the target of a large drop in short interest in April. As of April 15th, there was short interest totalling 495,700 shares, a drop of 22.9% from the March 31st total of 642,900 shares. Based on an average trading volume of 208,300 shares, the short-interest ratio is currently 2.4 days. Approximately 2.0% of the company’s stock are short sold.
EEX traded down $0.33 during trading on Tuesday, hitting $5.05. 178,380 shares of the stock were exchanged, compared to its average volume of 196,503. The firm has a market capitalization of $364.98 million, a P/E ratio of -0.55 and a beta of 1.93. Emerald has a 1-year low of $1.50 and a 1-year high of $7.28. The stock has a fifty day moving average price of $5.65 and a two-hundred day moving average price of $4.76. The company has a quick ratio of 3.21, a current ratio of 3.21 and a debt-to-equity ratio of 1.16.
Emerald (NYSE:EEX) last announced its earnings results on Thursday, April 29th. The company reported ($0.31) earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.56). Emerald had a negative net margin of 402.06% and a positive return on equity of 8.30%.
Separately, The Goldman Sachs Group lowered Emerald from a “buy” rating to a “neutral” rating and set a $5.04 price target on the stock. in a research report on Wednesday, January 6th. Five equities research analysts have rated the stock with a hold rating, The stock currently has an average rating of “Hold” and an average target price of $3.99.
Several hedge funds have recently made changes to their positions in EEX. Russell Investments Group Ltd. purchased a new position in shares of Emerald in the 4th quarter valued at approximately $3,593,000. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Emerald in the fourth quarter valued at approximately $1,621,000. Brookfield Asset Management Inc. purchased a new stake in shares of Emerald in the fourth quarter valued at approximately $1,598,000. Morgan Stanley boosted its stake in shares of Emerald by 115.8% in the third quarter. Morgan Stanley now owns 258,808 shares of the company’s stock valued at $527,000 after buying an additional 138,875 shares in the last quarter. Finally, Boston Partners purchased a new stake in shares of Emerald in the fourth quarter valued at approximately $732,000. Institutional investors own 27.91% of the company’s stock.
Emerald Company Profile
Emerald Holding, Inc operates business-to-business (B2B) trade shows in the United States. The company operates trade shows in various industry sectors, including retail, design and construction, technology, equipment, and safety. It also operates content and content-marketing websites, and related digital products, as well as produce publications.
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