Emerson Radio (NYSEAMERICAN:MSN) Issues Earnings Results

Emerson Radio (NYSEAMERICAN:MSN) announced its quarterly earnings data on Friday. The company reported ($0.03) earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of $2.11 million during the quarter. Emerson Radio had a negative return on equity of 27.64% and a negative net margin of 68.15%.

Emerson Radio Stock Performance

Shares of MSN stock opened at $0.38 on Friday. The stock has a 50 day moving average price of $0.37 and a 200 day moving average price of $0.39. Emerson Radio has a 52-week low of $0.32 and a 52-week high of $0.85. The firm has a market capitalization of $7.91 million, a P/E ratio of -2.21 and a beta of 0.40.

Institutional Trading of Emerson Radio

An institutional investor recently bought a new position in Emerson Radio stock. DRW Securities LLC purchased a new position in Emerson Radio Corporation (NYSEAMERICAN:MSN) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 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.

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.