Emerson Radio (NYSEAMERICAN:MSN) Stock Passes Above 200 Day Moving Average – Here’s What Happened

Emerson Radio Corporation (NYSEAMERICAN:MSN – Get Free Report)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.41 and traded as high as $0.4999. Emerson Radio shares last traded at $0.4980, with a volume of 976,219 shares changing hands.

Emerson Radio Stock Up 20.3%

The company has a market capitalization of $10.48 million, a P/E ratio of -2.08 and a beta of 0.41. The business has a fifty day moving average price of $0.41 and a 200 day moving average price of $0.41.

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Emerson Radio (NYSEAMERICAN:MSN – Get Free Report) last released its earnings results on Tuesday, February 17th. The company reported ($0.03) earnings per share (EPS) 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 for the quarter.

Institutional Trading of Emerson Radio

An institutional investor recently bought a new position in Emerson Radio stock. DRW Securities LLC acquired a new stake in Emerson Radio Corporation (NYSEAMERICAN:MSN – Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 141,373 shares of the company’s stock, valued at approximately $54,000. DRW Securities LLC owned 0.67% of Emerson Radio as of its most recent SEC filing.

About Emerson Radio

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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.

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