Emergent Capital Inc. (NYSE:EMG)’s share price traded down 2.8% during mid-day trading on Monday . The stock traded as low as $3.79 and last traded at $3.86, with a volume of 54,785 shares changing hands. The stock had previously closed at $3.97.

Separately, Zacks Investment Research lowered Emergent Capital from a “hold” rating to a “sell” rating in a research note on Monday, August 8th.

The company’s 50 day moving average price is $3.68 and its 200-day moving average price is $3.92.

Emergent Capital (NYSE:EMG) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported ($0.36) EPS for the quarter, missing the Zacks’ consensus estimate of $0.06 by $0.42. On average, analysts predict that Emergent Capital Inc. will post ($0.95) 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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