Emerson Radio (NYSEAMERICAN:MSN) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Emerson Radio Corporation (NYSEAMERICAN:MSN) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.40 and traded as high as $0.4196. Emerson Radio shares last traded at $0.4007, with a volume of 187,351 shares trading hands.

Emerson Radio Trading Up 2.5%

The firm’s 50-day moving average is $0.42 and its 200-day moving average is $0.40. The firm has a market cap of $8.57 million, a price-to-earnings ratio of -1.70 and a beta of 0.40.

Emerson Radio (NYSEAMERICAN:MSN) last posted its quarterly earnings results on Tuesday, February 17th. The company reported ($0.03) earnings per share (EPS) for the quarter. Emerson Radio had a negative net margin of 79.04% and a negative return on equity of 31.49%. The business 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. DRW Securities LLC acquired a new position in shares of Emerson Radio Corporation (NYSEAMERICAN:MSN) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 141,373 shares of the company’s stock, valued at approximately $54,000. DRW Securities LLC owned about 0.67% 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.