Emerson Radio (NYSEAMERICAN:MSN) Stock Price Passes Below 200 Day Moving Average – Time to Sell?

Shares of Emerson Radio Corporation (NYSEAMERICAN:MSN) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.44 and traded as low as $0.3851. Emerson Radio shares last traded at $0.3851, with a volume of 29,970 shares trading hands.

Emerson Radio Price Performance

The business has a 50 day moving average of $0.45 and a 200 day moving average of $0.44. The firm has a market capitalization of $8.10 million, a price-to-earnings ratio of -1.60 and a beta of 0.08.

Emerson Radio (NYSEAMERICAN:MSN) last released its earnings results on Friday, November 14th. The company reported ($0.05) earnings per share for the quarter. The company had revenue of $1.22 million during the quarter. Emerson Radio had a negative net margin of 58.03% and a negative return on equity of 28.26%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Emerson Radio stock. Citadel Advisors LLC bought a new stake in Emerson Radio Corporation (NYSEAMERICAN:MSN) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 58,048 shares of the company’s stock, valued at approximately $25,000. Citadel Advisors LLC owned approximately 0.28% of Emerson Radio as of its most recent filing with the Securities and Exchange Commission (SEC).

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.