Emerson Radio (NYSEAMERICAN:MSN) Shares Cross Above 200 Day Moving Average – Should You Sell?

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.

Emerson Radio Price Performance

The company has a market capitalization of $8.44 million, a P/E ratio of -1.67 and a beta of 0.41. The stock’s 50 day simple moving average is $0.41 and its two-hundred day simple moving average is $0.41.

Emerson Radio (NYSEAMERICAN:MSN) last announced its earnings results on Tuesday, February 17th. The company reported ($0.03) earnings per share 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.

Hedge Funds Weigh In On Emerson Radio

An institutional investor recently bought a new position in Emerson Radio stock. Citadel Advisors LLC acquired a new position 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. The fund acquired 58,048 shares of the company’s stock, valued at approximately $25,000. Citadel Advisors LLC owned about 0.28% 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.