Emerson Radio (NYSEAMERICAN:MSN) Stock 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 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 traded.

Emerson Radio Stock Down 3.3%

The firm has a market cap of $7.50 million, a price-to-earnings ratio of -1.88 and a beta of 0.40. The business has a 50 day moving average price of $0.41 and a 200-day moving average price of $0.40.

Emerson Radio (NYSEAMERICAN:MSN) last announced its earnings results on Friday, June 26th. The company reported ($0.06) EPS for the quarter. The company had revenue of $3.06 million for the quarter. Emerson Radio had a negative net margin of 68.15% and a negative return on equity of 27.64%.

Institutional Inflows and Outflows

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

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.