Emerson Radio (NYSEAMERICAN:MSN) Share Price Passes Below 200-Day Moving Average – Should You Sell?

Emerson Radio Corporation (NYSEAMERICAN:MSNGet Free Report)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.40 and traded as low as $0.3612. Emerson Radio shares last traded at $0.3717, with a volume of 9,432 shares traded.

Emerson Radio Price Performance

The stock has a market capitalization of $7.74 million, a P/E ratio of -1.94 and a beta of 0.42. The stock has a fifty day moving average price of $0.40 and a 200 day moving average price of $0.40.

Emerson Radio (NYSEAMERICAN:MSNGet Free Report) last released its quarterly earnings data on Friday, June 26th. The company reported ($0.06) earnings per share (EPS) for the quarter. The company had revenue of $3.06 million for the quarter. Emerson Radio had a negative net margin of 68.15% and a negative return on equity of 27.64%.

Institutional Investors Weigh In On Emerson Radio

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

About Emerson Radio

(Get Free Report)

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.

Further Reading

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