Emerson Radio (NYSEAMERICAN:MSN) Share Price Crosses Above 200 Day Moving Average – Here’s Why

Emerson Radio Corporation (NYSEAMERICAN:MSN)’s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $0.42 and traded as high as $0.4475. Emerson Radio shares last traded at $0.4290, with a volume of 39,126 shares trading hands.

Emerson Radio Stock Down 2.6%

The firm has a market capitalization of $9.03 million, a P/E ratio of -1.79 and a beta of 0.41. The firm’s 50-day simple moving average is $0.40 and its 200-day simple moving average is $0.42.

Emerson Radio (NYSEAMERICAN:MSN) last announced its earnings results on Tuesday, February 17th. The company reported ($0.03) earnings per share (EPS) for the quarter. Emerson Radio had a negative net margin of 79.04% and a negative return on equity of 31.49%. The company had revenue of $3.78 million for the quarter.

Institutional Investors Weigh In On Emerson Radio

A hedge fund recently bought a new stake in Emerson Radio stock. Citadel Advisors LLC bought a new stake in shares of Emerson Radio Corporation (NYSEAMERICAN:MSN) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. 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 reporting period.

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.