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

Emerson Radio Corporation (NYSEAMERICAN:MSN)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.40 and traded as high as $0.5299. Emerson Radio shares last traded at $0.5176, with a volume of 684,401 shares changing hands.

Emerson Radio Trading Up 7.5%

The stock has a market capitalization of $10.89 million, a P/E ratio of -3.04 and a beta of 0.46. The company has a 50-day moving average price of $0.39 and a 200 day moving average price of $0.40.

Emerson Radio (NYSEAMERICAN:MSN) last announced its earnings results on Friday, August 14th. The company reported ($0.03) EPS for the quarter. Emerson Radio had a negative return on equity of 25.47% and a negative net margin of 65.50%.The firm had revenue of $2.11 million during the quarter.

Hedge Funds Weigh In On Emerson Radio

A hedge fund recently bought a new stake in Emerson Radio stock. Citadel Advisors LLC purchased a new position in Emerson Radio Corporation (NYSEAMERICAN:MSN) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 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.

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.