Emerson Radio (NYSEAMERICAN:MSN) Stock Passes Below 200-Day Moving Average – Here’s Why

Emerson Radio Corporation (NYSEAMERICAN:MSN)’s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $0.43 and traded as low as $0.3450. Emerson Radio shares last traded at $0.3616, with a volume of 36,376 shares changing hands.

Emerson Radio Trading Up 3.0%

The firm’s fifty day moving average price is $0.39 and its 200-day moving average price is $0.43. The company has a market cap of $7.61 million, a P/E ratio of -1.51 and a beta of 0.19.

Institutional Trading of Emerson Radio

A hedge fund recently bought a new stake in Emerson Radio stock. Citadel Advisors LLC acquired a new stake in shares of Emerson Radio Corporation (NYSEAMERICAN:MSN) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 58,048 shares of the company’s stock, valued at approximately $25,000. Citadel Advisors LLC owned 0.28% of Emerson Radio at the end of the most recent quarter.

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.