Emerson Radio (NYSEAMERICAN:MSN) Announces Quarterly Earnings Results

Emerson Radio (NYSEAMERICAN:MSN) issued its quarterly earnings results on Friday. The company reported ($0.06) earnings per share (EPS) for the quarter, FiscalAI reports. Emerson Radio had a negative return on equity of 31.49% and a negative net margin of 79.04%.The business had revenue of $3.06 million for the quarter.

Emerson Radio Stock Performance

Shares of MSN stock opened at $0.36 on Friday. The firm has a market capitalization of $7.65 million, a price-to-earnings ratio of -1.51 and a beta of 0.40. The stock’s 50-day simple moving average is $0.41 and its 200-day simple moving average is $0.40. Emerson Radio has a fifty-two week low of $0.28 and a fifty-two week high of $0.85.

Institutional Investors Weigh In On 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) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 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.

About Emerson Radio

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.