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

Emerson Radio Corporation (NYSEAMERICAN:MSN)’s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.39 and traded as low as $0.3488. Emerson Radio shares last traded at $0.3670, with a volume of 244,333 shares.

Emerson Radio Price Performance

The stock has a 50 day moving average price of $0.39 and a two-hundred day moving average price of $0.39. The company has a market capitalization of $7.72 million, a price-to-earnings ratio of -1.93 and a beta of 0.42.

Emerson Radio (NYSEAMERICAN:MSN) last issued its quarterly earnings data 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 return on equity of 27.64% and a negative net margin of 68.15%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Emerson Radio stock. Citadel Advisors LLC acquired a new stake in Emerson Radio Corporation (NYSEAMERICAN:MSN) during the third quarter, according to its most recent filing with the SEC. The firm acquired 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 filing with the SEC.

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.