Emerson Radio (NYSEAMERICAN:MSN – Get Free Report) issued its quarterly earnings results on Friday. The company reported ($0.06) EPS for the quarter, FiscalAI reports. The business had revenue of $3.06 million for the quarter. Emerson Radio had a negative net margin of 79.04% and a negative return on equity of 31.49%.
Emerson Radio Stock Performance
Shares of MSN stock traded up $0.02 on Friday, hitting $0.36. 316,356 shares of the company’s stock traded hands, compared to its average volume of 98,092. Emerson Radio has a one year low of $0.28 and a one year high of $0.85. The company’s fifty day simple moving average is $0.41 and its 200 day simple moving average is $0.40. The stock has a market capitalization of $7.65 million, a price-to-earnings ratio of -1.51 and a beta of 0.40.
Institutional Trading of Emerson Radio
A hedge fund recently bought a new stake in Emerson Radio stock. DRW Securities LLC acquired a new position in Emerson Radio Corporation (NYSEAMERICAN:MSN – Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 141,373 shares of the company’s stock, valued at approximately $54,000. DRW Securities LLC owned 0.67% of Emerson Radio at the end of the most recent quarter.
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.
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