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

Emerson Radio Corporation (NYSEAMERICAN:MSN) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $0.39 and traded as low as $0.3488. Emerson Radio shares last traded at $0.3670, with a volume of 244,333 shares changing hands.

Emerson Radio Trading Up 1.9%

The firm has a market capitalization of $7.72 million, a price-to-earnings ratio of -1.93 and a beta of 0.42. The stock has a fifty day moving average price of $0.39 and a 200-day moving average price of $0.39.

Emerson Radio (NYSEAMERICAN:MSN) last announced its quarterly earnings results on Friday, June 26th. The company reported ($0.06) earnings per share for the quarter. The company had revenue of $3.06 million during the quarter. Emerson Radio had a negative net margin of 68.15% and a negative return on equity of 27.64%.

Institutional Trading of Emerson Radio

A hedge fund recently bought a new position in Emerson Radio stock. DRW Securities LLC bought a new stake in Emerson Radio Corporation (NYSEAMERICAN:MSN) in the fourth quarter, according to the company in its most recent filing 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 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.