Emerald (NYSE:EEX) Stock Passes Below 50-Day Moving Average – Here’s What Happened

Emerald Holding, Inc. (NYSE:EEX) shares crossed 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 changing hands.

Emerald Stock Down 2.4 %

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 firm has a market capitalization of $792.65 million, a P/E ratio of -7.23 and a beta of 1.31. The company’s fifty day simple moving average is $4.51 and its 200 day simple moving average is $4.71.

Emerald Dividend Announcement

The business also recently disclosed 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 annualized dividend and a yield of 1.54%. Emerald’s dividend payout ratio (DPR) is presently -11.11%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC raised its holdings in Emerald by 1,249.7% in the 3rd quarter. Jane Street Group LLC now owns 352,566 shares of the company’s stock worth $1,759,000 after purchasing an additional 326,445 shares in the last quarter. Geode Capital Management LLC raised its holdings in Emerald by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 391,404 shares of the company’s stock worth $1,953,000 after purchasing an additional 4,760 shares in the last quarter. State Street Corp raised its holdings in Emerald by 5.7% in the 3rd quarter. State Street Corp now owns 235,640 shares of the company’s stock worth $1,176,000 after purchasing an additional 12,622 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Emerald by 247.4% in the 3rd 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 in the last quarter. Finally, Barclays PLC increased its stake in shares of Emerald by 184.2% in the 3rd quarter. Barclays PLC now owns 21,977 shares of the company’s stock worth $109,000 after acquiring an additional 14,244 shares in the last quarter. 14.90% of the stock is currently owned by 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.