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

Emerson Radio Corporation (NYSEAMERICAN:MSN) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.39 and traded as high as $0.51. Emerson Radio shares last traded at $0.4740, with a volume of 859,367 shares changing hands.

Emerson Radio Trading Up 2.7%

The firm has a market capitalization of $10.25 million, a P/E ratio of -2.86 and a beta of 0.40. The business’s fifty day moving average is $0.38 and its 200 day moving average is $0.39.

Emerson Radio (NYSEAMERICAN:MSN) last announced its earnings results on Friday, August 14th. The company reported ($0.03) earnings per share (EPS) for the quarter. Emerson Radio had a negative return on equity of 25.47% and a negative net margin of 65.50%.The company had revenue of $2.11 million for the quarter.

Institutional Trading of 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 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 58,048 shares of the company’s stock, valued at approximately $25,000. Citadel Advisors LLC owned approximately 0.28% of Emerson Radio at the end of the most recent reporting period.

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.