Emergent Capital Inc. (EMG) Sees Unusually-High Trading Volume
Shares of Emergent Capital Inc. (NYSE:EMG) saw an uptick in trading volume on Thursday . 79,397 shares changed hands during trading, an increase of 20% from the previous session’s volume of 65,955 shares.The stock last traded at $3.39 and had previously closed at $3.33.
Separately, Zacks Investment Research cut shares of Emergent Capital from a “hold” rating to a “strong sell” rating in a report on Thursday, March 17th.
The firm’s 50 day moving average is $3.95 and its 200-day moving average is $4.03.
Emergent Capital (NYSE:EMG) last issued its quarterly earnings results on Monday, May 9th. The company reported ($0.27) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.01) by $0.26. Analysts anticipate that Emergent Capital Inc. will post $0.05 EPS for the current year.
Emergent Capital, Inc, formerly Imperial Holdings, Inc, is a specialty finance company that invests in asset classes, primarily life settlements. The Company, through its subsidiary companies, owns a portfolio of approximately 630 life insurance policies (life settlements). The Company purchases individual policies and portfolios of life insurance policies and manages those assets based on actuarial and market data.
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