Emerson Radio (NYSEAMERICAN:MSN) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

Emerson Radio Corporation (NYSEAMERICAN:MSN) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.41 and traded as high as $0.4999. Emerson Radio shares last traded at $0.4980, with a volume of 976,219 shares.

Emerson Radio Stock Performance

The firm has a market capitalization of $10.48 million, a PE ratio of -2.08 and a beta of 0.41. The company has a fifty day simple moving average of $0.41 and a two-hundred day simple moving average of $0.41.

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

Hedge Funds Weigh In On Emerson Radio

An institutional investor recently bought a new position in Emerson Radio stock. Citadel Advisors LLC bought a new position in shares of Emerson Radio Corporation (NYSEAMERICAN:MSN) in the third quarter, according to the company in its most recent 13F filing 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 0.28% of Emerson Radio as of its most recent SEC filing.

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.