Emerson Radio (NYSEAMERICAN:MSN) Share Price Crosses Below 200-Day Moving Average – Here’s What Happened

Shares of Emerson Radio Corporation (NYSEAMERICAN:MSN) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $0.40 and traded as low as $0.3402. Emerson Radio shares last traded at $0.3560, with a volume of 52,013 shares trading hands.

Emerson Radio Stock Performance

The company has a market capitalization of $7.49 million, a price-to-earnings ratio of -1.48 and a beta of 0.40. The firm has a fifty day moving average price of $0.42 and a 200-day moving average price of $0.40.

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

Hedge Funds Weigh In On Emerson Radio

A hedge fund recently bought a new stake in Emerson Radio stock. DRW Securities LLC acquired a new stake in Emerson Radio Corporation (NYSEAMERICAN:MSN) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 141,373 shares of the company’s stock, valued at approximately $54,000. DRW Securities LLC owned 0.67% 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.