Emerson Radio (NYSEAMERICAN:MSN) Stock Price Crosses Below 200 Day Moving Average – What’s Next?

Emerson Radio Corporation (NYSEAMERICAN:MSN)’s stock price 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 $0.3782. Emerson Radio shares last traded at $0.3837, with a volume of 49,396 shares.

Emerson Radio Stock Down 2.0%

The company has a market capitalization of $8.07 million, a price-to-earnings ratio of -1.60 and a beta of 0.10. The business’s 50-day moving average is $0.41 and its 200-day moving average is $0.44.

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

Institutional Trading of Emerson Radio

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

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.