Emergent Capital (EMGC) Stock Rating Upgraded by ValuEngine
Emergent Capital (OTCMKTS:EMGC) was upgraded by equities research analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a research note issued to investors on Friday.
Emergent Capital (OTCMKTS EMGC) traded up $0.02 on Friday, hitting $0.40. The stock had a trading volume of 70,792 shares, compared to its average volume of 111,086. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.52. Emergent Capital has a 52 week low of $0.19 and a 52 week high of $1.50.
Emergent Capital (OTCMKTS:EMGC) last released its quarterly earnings results on Thursday, November 2nd. The financial services provider reported $0.03 earnings per share for the quarter. The company had revenue of $24.49 million for the quarter. Emergent Capital had a negative return on equity of 12.80% and a negative net margin of 42.49%.
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About Emergent Capital
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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