Emerson Radio (NYSEAMERICAN:MSN) Share Price Passes Below 200-Day Moving Average – Here’s What Happened

Emerson Radio Corporation (NYSEAMERICAN:MSN) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.44 and traded as low as $0.3851. Emerson Radio shares last traded at $0.3851, with a volume of 29,970 shares trading hands.

Emerson Radio Price Performance

The company’s 50 day moving average price is $0.45 and its 200 day moving average price is $0.44. The firm has a market capitalization of $8.10 million, a P/E ratio of -1.60 and a beta of 0.08.

Emerson Radio (NYSEAMERICAN:MSN) last posted its quarterly earnings data on Friday, November 14th. The company reported ($0.05) earnings per share for the quarter. Emerson Radio had a negative return on equity of 28.26% and a negative net margin of 58.03%.The company had revenue of $1.22 million during the quarter.

Hedge Funds Weigh In On Emerson Radio

An institutional investor recently bought a new position in Emerson Radio stock. Citadel Advisors LLC acquired a new position in Emerson Radio Corporation (NYSEAMERICAN:MSN) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 58,048 shares of the company’s stock, valued at approximately $25,000. Citadel Advisors LLC owned 0.28% of Emerson Radio as of its most recent SEC filing.

About Emerson Radio

Emerson Radio Corporation operates as a designer, marketer and importer of consumer electronics products, offering a broad range of home entertainment, digital health and accessory solutions. Through licensing agreements with well-known brands such as RCA, the company develops and distributes audio equipment, wireless speakers, digital media players, television antennas, home health monitors, and a variety of electronic accessories. Its product portfolio is tailored for mass-market and value-oriented retailers, as well as e-commerce platforms throughout North America.

Emerson Radio’s business model centers on brand licensing, private-label manufacturing and strategic partnerships with original design manufacturers.