Emerson Radio (NYSEAMERICAN:MSN) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Emerson Radio Corporation (NYSEAMERICAN:MSN)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.40 and traded as high as $0.4196. Emerson Radio shares last traded at $0.4007, with a volume of 187,351 shares.

Emerson Radio Stock Up 3.1%

The stock has a market capitalization of $8.43 million, a P/E ratio of -1.67 and a beta of 0.40. The firm has a 50-day moving average of $0.42 and a 200 day moving average of $0.40.

Emerson Radio (NYSEAMERICAN:MSN) last issued its earnings results on Tuesday, February 17th. The company reported ($0.03) EPS for the quarter. The firm had revenue of $3.78 million during the quarter. Emerson Radio had a negative return on equity of 31.49% and a negative net margin of 79.04%.

Institutional Inflows and Outflows

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

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.