Emerson Radio (NYSEAMERICAN:MSN) Shares Pass Below Two Hundred Day Moving Average – What’s Next?

Emerson Radio Corporation (NYSEAMERICAN:MSN) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $0.40 and traded as low as $0.3612. Emerson Radio shares last traded at $0.3717, with a volume of 9,432 shares trading hands.

Emerson Radio Stock Performance

The company’s fifty day simple moving average is $0.40 and its two-hundred day simple moving average is $0.40. The company has a market capitalization of $7.82 million, a price-to-earnings ratio of -1.96 and a beta of 0.42.

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. Emerson Radio had a negative net margin of 68.15% and a negative return on equity of 27.64%. The company had revenue of $3.06 million during the quarter.

Institutional Trading of 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) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm 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.

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.