Emergent Capital Inc. (EMG) Stock Price Down 2.1%
Emergent Capital Inc. (NYSE:EMG)’s share price dropped 2.1% during trading on Wednesday . The stock traded as low as $3.70 and last traded at $3.70, with a volume of 380,667 shares changing hands. The stock had previously closed at $3.78.
EMG has been the topic of several research analyst reports. Zacks Investment Research upgraded Emergent Capital from a “sell” rating to a “hold” rating in a research note on Tuesday, July 12th. TheStreet downgraded Emergent Capital from a “hold” rating to a “sell” rating in a research note on Monday.
The stock’s 50 day moving average price is $3.74 and its 200 day moving average price is $3.90.
Emergent Capital (NYSE:EMG) last announced 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. Equities research analysts expect that Emergent Capital Inc. will post ($0.95) earnings per share for the current fiscal 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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