Emerald (NYSE:EEX) Sees Strong Trading Volume – Should You Buy?

Emerald Holding, Inc. (NYSE:EEX) shares saw an uptick in trading volume on Thursday . 564,057 shares were traded during mid-day trading, an increase of 343% from the previous session’s volume of 127,241 shares.The stock last traded at $4.25 and had previously closed at $4.38.

Analysts Set New Price Targets

A number of research firms have recently weighed in on EEX. Rosenblatt Securities lowered their price objective on Emerald from $8.40 to $7.80 and set a “buy” rating for the company in a research report on Thursday, October 31st. Maxim Group lowered their price target on Emerald from $11.00 to $8.00 and set a “buy” rating for the company in a research report on Thursday, October 31st.

Emerald Trading Down 2.0 %

The company has a 50 day simple moving average of $4.61 and a 200 day simple moving average of $4.77. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.27 and a current ratio of 1.27. The company has a market capitalization of $859.62 million, a PE ratio of -7.84 and a beta of 1.43.

Institutional Investors Weigh In On Emerald

Several large investors have recently bought and sold shares of the company. State of Wyoming increased its stake in Emerald by 36.6% during the 4th quarter. State of Wyoming now owns 86,289 shares of the company’s stock worth $416,000 after buying an additional 23,101 shares in the last quarter. MSD Partners L.P. purchased a new stake in shares of Emerald in the fourth quarter valued at approximately $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 in the last quarter. Northern Trust Corp grew its position in shares of 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 in the last quarter. Finally, Two Sigma Securities LLC purchased a new stake in shares of Emerald in the fourth quarter valued at approximately $62,000. 14.90% of the stock is currently owned by hedge funds and other institutional investors.

About Emerald

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.