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

Shares of Emerson Radio Corporation (NYSEAMERICAN:MSN) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.43 and traded as low as $0.3617. Emerson Radio shares last traded at $0.38, with a volume of 6,786 shares traded.

Emerson Radio Stock Up 1.6%

The stock has a fifty day moving average of $0.38 and a 200-day moving average of $0.43. The firm has a market capitalization of $8.00 million, a P/E ratio of -1.58 and a beta of 0.19.

Institutional Trading of Emerson Radio

A hedge fund recently bought a new stake in Emerson Radio stock. DRW Securities LLC bought a new stake in Emerson Radio Corporation (NYSEAMERICAN:MSN) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 141,373 shares of the company’s stock, valued at approximately $54,000. DRW Securities LLC owned about 0.67% of Emerson Radio as of its most recent filing with the Securities and Exchange Commission (SEC).

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.