Emerson Radio (NYSEAMERICAN:MSN) Stock Passes Below 200-Day Moving Average – Here’s Why

Emerson Radio Corporation (NYSEAMERICAN:MSN)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $0.43 and traded as low as $0.3450. Emerson Radio shares last traded at $0.3616, with a volume of 36,376 shares trading hands.

Emerson Radio Stock Up 3.0%

The stock has a market cap of $7.61 million, a price-to-earnings ratio of -1.51 and a beta of 0.19. The company’s 50-day moving average is $0.39 and its 200-day moving average is $0.43.

Hedge Funds Weigh In On Emerson Radio

An institutional investor recently bought a new position in Emerson Radio stock. Citadel Advisors LLC purchased a new stake in Emerson Radio Corporation (NYSEAMERICAN:MSN) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 58,048 shares of the company’s stock, valued at approximately $25,000. Citadel Advisors LLC owned approximately 0.28% 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.