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

Emerson Radio Corporation (NYSEAMERICAN:MSN) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 trading hands.

Emerson Radio Trading Up 7.7%

The firm has a market capitalization of $8.32 million, a PE ratio of -2.08 and a beta of 0.42. The firm’s fifty day moving average price is $0.39 and its 200 day moving average price is $0.39.

Emerson Radio (NYSEAMERICAN:MSN) last issued its earnings results on Friday, June 26th. The company reported ($0.06) earnings per share (EPS) for the quarter. The business 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%.

Hedge Funds Weigh In On Emerson Radio

A hedge fund recently bought a new position in Emerson Radio stock. Citadel Advisors LLC bought a new position in Emerson Radio Corporation (NYSEAMERICAN:MSN) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. 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 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.