Emerson Radio (NYSEAMERICAN:MSN – Get Free Report) issued its quarterly earnings results on Friday. The company reported ($0.06) earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of $3.06 million for the quarter. Emerson Radio had a negative return on equity of 31.49% and a negative net margin of 79.04%.
Emerson Radio Trading Up 5.8%
Shares of NYSEAMERICAN MSN opened at $0.36 on Friday. The stock has a fifty day simple moving average of $0.41 and a two-hundred day simple moving average of $0.40. Emerson Radio has a 1-year low of $0.28 and a 1-year high of $0.85. The firm has a market cap of $7.65 million, a price-to-earnings ratio of -1.91 and a beta of 0.40.
Institutional Trading of Emerson Radio
A hedge fund recently bought a new stake in Emerson Radio stock. DRW Securities LLC purchased a new position in shares of Emerson Radio Corporation (NYSEAMERICAN:MSN – Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 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 filing with the SEC.
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.
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