Emerson Radio (NYSEAMERICAN:MSN) Stock Price Passes Below Two Hundred Day Moving Average – What’s Next?

Emerson Radio Corporation (NYSEAMERICAN:MSN) shares passed 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.

Emerson Radio Price Performance

The stock’s 50 day simple moving average is $0.41 and its two-hundred day simple moving average is $0.40. The firm has a market cap of $7.27 million, a P/E ratio of -1.44 and a beta 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 for the quarter. Emerson Radio had a negative return on equity of 31.49% and a negative net margin of 79.04%.The company had revenue of $3.78 million during the quarter.

Institutional Investors Weigh In On Emerson Radio

An institutional investor recently bought a new stake in Emerson Radio stock. Citadel Advisors LLC purchased a new stake in shares of Emerson Radio Corporation (NYSEAMERICAN:MSN) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm 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.