Emerson Radio (NYSEAMERICAN:MSN) Stock Price Passes Below 200-Day Moving Average – Should You Sell?

Shares of Emerson Radio Corporation (NYSEAMERICAN:MSN) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $0.43 and traded as low as $0.3617. Emerson Radio shares last traded at $0.38, with a volume of 6,786 shares trading hands.

Emerson Radio Stock Performance

The stock has a market cap of $8.00 million, a price-to-earnings ratio of -1.58 and a beta of 0.19. The company has a 50-day simple moving average of $0.38 and a two-hundred day simple moving average of $0.43.

Hedge Funds Weigh In On Emerson Radio

An institutional investor recently bought a new position in Emerson Radio stock. DRW Securities LLC purchased a new position in shares of Emerson Radio Corporation (NYSEAMERICAN:MSN) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 141,373 shares of the company’s stock, valued at approximately $54,000. DRW Securities LLC owned approximately 0.67% of Emerson Radio at the end of the most recent quarter.

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.