Emerson Radio (NYSEAMERICAN:MSN) Share Price Passes Below Two Hundred Day Moving Average – Here’s Why

Emerson Radio Corporation (NYSEAMERICAN:MSN) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $0.44 and traded as low as $0.3772. Emerson Radio shares last traded at $0.3850, with a volume of 86,857 shares.

Emerson Radio Price Performance

The company has a market cap of $8.10 million, a P/E ratio of -1.60 and a beta of 0.10. The company’s 50-day moving average is $0.43 and its two-hundred day moving average is $0.44.

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

Hedge Funds Weigh In On Emerson Radio

A hedge fund recently bought a new stake in Emerson Radio stock. Citadel Advisors LLC acquired a new position in Emerson Radio Corporation (NYSEAMERICAN:MSN) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 58,048 shares of the company’s stock, valued at approximately $25,000. Citadel Advisors LLC owned about 0.28% of Emerson Radio at the end of the most recent quarter.

Emerson Radio Company Profile

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.