Emerald (NYSE:EEX) Stock Crosses Below Fifty Day Moving Average – Time to Sell?

Emerald Holding, Inc. (NYSE:EEXGet Free Report) 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.

Emerald Stock Performance

The company’s fifty day moving average is $4.48 and its 200 day moving average is $4.69. The company has a market capitalization of $794.68 million, a P/E ratio of -7.25 and a beta of 1.31. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 1.02.

Emerald Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Monday, March 10th will be paid a $0.015 dividend. This represents a $0.06 annualized dividend and a yield of 1.53%. The ex-dividend date is Monday, March 10th. Emerald’s dividend payout ratio is presently -11.11%.

Institutional Trading of Emerald

Several institutional investors and hedge funds have recently bought and sold shares of EEX. Copeland Capital Management LLC purchased a new stake in shares of Emerald during the 4th quarter valued at $57,000. Two Sigma Securities LLC purchased a new stake in shares of Emerald during the 4th quarter valued at $62,000. Virtu Financial LLC purchased a new stake in shares of Emerald during the 3rd quarter valued at $67,000. XTX Topco Ltd purchased a new stake in shares of Emerald during the 4th quarter valued at $69,000. Finally, ExodusPoint Capital Management LP purchased a new stake in shares of Emerald during the 4th quarter valued at $72,000. 14.90% of the stock is currently owned by hedge funds and other institutional investors.

Emerald Company Profile

(Get Free Report)

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.

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