Emerson Radio (NYSEAMERICAN:MSN) Shares Break Below 200-Day Moving Average – Here’s What Happened

Emerson Radio Corporation (NYSEAMERICAN:MSN)’s share price passed below its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $0.41 and traded as low as $0.3810. Emerson Radio shares last traded at $0.3999, with a volume of 76,316 shares changing hands.

Emerson Radio Price Performance

The company has a market capitalization of $8.06 million, a price-to-earnings ratio of -2.25 and a beta of 0.47. The firm has a 50-day moving average price of $0.43 and a two-hundred day moving average price of $0.41.

Emerson Radio (NYSEAMERICAN:MSN) last announced its earnings results on Friday, August 14th. The company reported ($0.03) earnings per share (EPS) for the quarter. The firm had revenue of $2.11 million during the quarter. Emerson Radio had a negative net margin of 65.50% and a negative return on equity of 25.47%.

Emerson Radio Company Profile

Emerson Radio Corp. is a consumer-products company that develops, sources, imports, markets and distributes consumer electronics and household appliances under the Emerson brand. Its product offerings have historically included televisions, audio and video equipment, clock radios, microwave ovens, air conditioners and other small appliances.

The company primarily serves the North American market, selling through mass merchants, specialty retailers, online retailers and distributors. Its business has also included licensing the Emerson name and trademarks for selected consumer products manufactured or marketed by third parties.

Founded in 1948, Emerson Radio has a long history in the consumer-electronics industry and has adapted its product portfolio as retail demand has shifted toward newer home-entertainment and household technologies.