Emerson Radio (NYSEAMERICAN:MSN) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Emerson Radio Corporation (NYSEAMERICAN:MSN) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.41 and traded as high as $0.4299. Emerson Radio shares last traded at $0.4060, with a volume of 2,101 shares traded.

Emerson Radio Price Performance

The stock has a 50-day simple moving average of $0.40 and a 200-day simple moving average of $0.41. The stock has a market cap of $8.54 million, a P/E ratio of -1.69 and a beta of 0.41.

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

Institutional Trading of Emerson Radio

An institutional investor recently bought a new position in Emerson Radio stock. DRW Securities LLC bought a new position in Emerson Radio Corporation (NYSEAMERICAN:MSN) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 141,373 shares of the company’s stock, valued at approximately $54,000. DRW Securities LLC owned about 0.67% 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.