Emerson Radio (NYSEAMERICAN:MSN) Shares Cross Above Two Hundred Day Moving Average – What’s Next?

Emerson Radio Corporation (NYSEAMERICAN:MSN)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $0.42 and traded as high as $0.43. Emerson Radio shares last traded at $0.4040, with a volume of 96,373 shares traded.

Emerson Radio Stock Performance

The firm has a market cap of $8.50 million, a price-to-earnings ratio of -1.68 and a beta of 0.27. The business has a fifty day moving average of $0.38 and a two-hundred day moving average of $0.42.

Emerson Radio (NYSEAMERICAN:MSN) last issued its quarterly earnings data on Tuesday, February 17th. The company reported ($0.03) earnings per share (EPS) for the quarter. The firm had revenue of $3.78 million for the quarter. Emerson Radio had a negative return on equity of 31.49% and a negative net margin of 79.04%.

Hedge Funds Weigh In On Emerson Radio

An institutional investor recently bought a new position in Emerson Radio stock. DRW Securities LLC purchased a new stake in Emerson Radio Corporation (NYSEAMERICAN:MSN) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 141,373 shares of the company’s stock, valued at approximately $54,000. DRW Securities LLC owned approximately 0.67% of Emerson Radio at the end of the most recent reporting period.

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.