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

Emerson Radio Corporation (NYSEAMERICAN:MSN) shares crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $0.40 and traded as low as $0.3612. Emerson Radio shares last traded at $0.3717, with a volume of 9,432 shares trading hands.

Emerson Radio Stock Performance

The stock has a market cap of $7.82 million, a price-to-earnings ratio of -1.96 and a beta of 0.42. The business’s fifty day simple moving average is $0.40 and its 200 day simple moving average is $0.40.

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

Hedge Funds Weigh In On Emerson Radio

An institutional investor recently bought a new stake in Emerson Radio stock. Citadel Advisors LLC bought a new stake in shares of Emerson Radio Corporation (NYSEAMERICAN:MSN) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 58,048 shares of the company’s stock, valued at approximately $25,000. Citadel Advisors LLC owned about 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.