Emerson Radio (NYSEAMERICAN:MSN) Stock Price Passes Below 200 Day Moving Average – Here’s What Happened

Emerson Radio Corporation (NYSEAMERICAN:MSN)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.40 and traded as low as $0.3539. Emerson Radio shares last traded at $0.3565, with a volume of 72,637 shares changing hands.

Emerson Radio Stock Down 1.2%

The business’s 50 day moving average is $0.40 and its 200-day moving average is $0.40. The firm has a market cap of $7.45 million, a P/E ratio of -1.86 and a beta of 0.42.

Emerson Radio (NYSEAMERICAN:MSN) last posted its quarterly earnings data on Friday, June 26th. The company reported ($0.06) EPS for the quarter. Emerson Radio had a negative net margin of 68.15% and a negative return on equity of 27.64%. The company had revenue of $3.06 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 acquired a new position in Emerson Radio Corporation (NYSEAMERICAN:MSN) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 58,048 shares of the company’s stock, valued at approximately $25,000. Citadel Advisors LLC owned 0.28% of Emerson Radio as of its most recent SEC filing.

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.