Emerson Radio (NYSEAMERICAN:MSN) Share Price Crosses Below 200-Day Moving Average – Time to Sell?

Shares of Emerson Radio Corporation (NYSEAMERICAN:MSN) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $0.43 and traded as low as $0.3617. Emerson Radio shares last traded at $0.38, with a volume of 6,786 shares changing hands.

Emerson Radio Stock Performance

The stock’s 50 day moving average is $0.38 and its two-hundred day moving average is $0.43.

Institutional Trading of Emerson Radio

A hedge fund recently bought a new stake in Emerson Radio stock. Citadel Advisors LLC bought a new stake in Emerson Radio Corporation (NYSEAMERICAN:MSN) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 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.