Emerson Radio (NYSEAMERICAN:MSN) Stock Price Passes Below 200-Day Moving Average – What’s Next?

Emerson Radio Corporation (NYSEAMERICAN:MSN) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $0.44 and traded as low as $0.3810. Emerson Radio shares last traded at $0.3916, with a volume of 29,347 shares changing hands.

Emerson Radio Price Performance

The stock’s 50-day moving average price is $0.47 and its 200 day moving average price is $0.44. The firm has a market cap of $8.33 million, a P/E ratio of -1.65 and a beta of 0.08.

Emerson Radio (NYSEAMERICAN:MSN) last released its earnings results on Friday, November 14th. The company reported ($0.05) earnings per share for the quarter. Emerson Radio had a negative net margin of 58.03% and a negative return on equity of 28.26%. The business had revenue of $1.22 million during the quarter.

Institutional Trading of Emerson Radio

A hedge fund recently bought a new stake in Emerson Radio stock. Citadel Advisors LLC purchased a new stake in shares of Emerson Radio Corporation (NYSEAMERICAN:MSN) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 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 filing with the Securities and Exchange Commission (SEC).

Emerson Radio Company Profile

Emerson Radio Corp., together with its subsidiaries, designs, sources, imports, markets, and sells various houseware and consumer electronic products under the Emerson brand in the United States and internationally. It offers houseware products, such as microwave ovens, compact refrigerators, and toaster ovens; audio products, including clock radios, Bluetooth speakers, karaoke machines, and wireless charging products; and other products comprising televisions, massagers, and security products.