Emergent Capital Inc. (EMG) Sees Strong Trading Volume
Shares of Emergent Capital Inc. (NYSE:EMG) saw strong trading volume on Monday . 127,448 shares were traded during trading, an increase of 76% from the previous session’s volume of 72,401 shares.The stock last traded at $3.55 and had previously closed at $3.61.
Several research analysts have recently issued reports on EMG shares. Zacks Investment Research cut shares of Emergent Capital from a “hold” rating to a “sell” rating in a report on Monday, August 8th. TheStreet cut shares of Emergent Capital from a “hold” rating to a “sell” rating in a report on Monday, August 22nd.
The stock has a 50-day moving average of $3.77 and a 200 day moving average of $3.88.
Emergent Capital (NYSE:EMG) last released its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.36) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by $0.42. On average, equities analysts predict that Emergent Capital Inc. will post ($0.95) earnings per share 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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