Emerson Radio (NYSEAMERICAN:MSN) Share Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Emerson Radio Corporation (NYSEAMERICAN:MSN) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $0.40 and traded as low as $0.3402. Emerson Radio shares last traded at $0.3560, with a volume of 52,013 shares changing hands.

Emerson Radio Stock Performance

The firm has a fifty day simple moving average of $0.42 and a 200-day simple moving average of $0.40. The firm has a market cap of $7.49 million, a price-to-earnings ratio of -1.48 and a beta of 0.40.

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

Institutional Investors Weigh In On Emerson Radio

A hedge fund recently bought a new position in Emerson Radio stock. Citadel Advisors LLC bought a new stake in Emerson Radio Corporation (NYSEAMERICAN:MSN) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (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.