Emergent Capital Inc. (EMG) Sees Strong Trading Volume
Emergent Capital Inc. (NYSE:EMG) shares saw strong trading volume on Tuesday . 60,730 shares were traded during mid-day trading, an increase of 10% from the previous session’s volume of 55,133 shares.The stock last traded at $3.76 and had previously closed at $3.77.
A number of equities analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Emergent Capital from a “hold” rating to a “sell” rating in a research note on Monday, August 8th. TheStreet downgraded shares of Emergent Capital from a “hold” rating to a “sell” rating in a research note on Monday.
The stock has a 50 day moving average price of $3.74 and a 200 day moving average price of $3.90.
Emergent Capital (NYSE:EMG) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported ($0.36) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by $0.42. Equities research 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.