Emerson Radio (NYSEAMERICAN:MSN) Stock Crosses Above 200-Day Moving Average – Time to Sell?

Emerson Radio Corporation (NYSEAMERICAN:MSN)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.42 and traded as high as $0.44. Emerson Radio shares last traded at $0.44, with a volume of 45,306 shares traded.

Emerson Radio Stock Performance

The company has a market capitalization of $9.26 million, a PE ratio of -1.83 and a beta of 0.27. The company’s 50-day simple moving average is $0.38 and its 200-day simple moving average is $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. Emerson Radio had a negative return on equity of 31.49% and a negative net margin of 79.04%.The business had revenue of $3.78 million for the quarter.

Institutional Trading of Emerson Radio

A hedge fund recently bought a new stake in Emerson Radio stock. Citadel Advisors LLC bought a new position in shares of Emerson Radio Corporation (NYSEAMERICAN:MSN) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 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.

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.