Emerson Radio (NYSEAMERICAN:MSN) Stock Passes Below 200-Day Moving Average – Should You Sell?

Emerson Radio Corporation (NYSEAMERICAN:MSN)’s stock price 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 $0.39. Emerson Radio shares last traded at $0.4260, with a volume of 68,566 shares changing hands.

Emerson Radio Price Performance

The stock’s 50-day moving average is $0.42 and its 200-day moving average is $0.44. The stock has a market cap of $8.96 million, a price-to-earnings ratio of -1.77 and a beta of 0.10.

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

Institutional Investors Weigh In On Emerson Radio

An institutional investor recently bought a new position in Emerson Radio stock. Citadel Advisors LLC bought a new stake in Emerson Radio Corporation (NYSEAMERICAN:MSN) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 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 filing with the Securities & Exchange Commission.

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.