Emerson Radio (NYSEAMERICAN:MSN – Get Free Report) announced its quarterly earnings results on Friday. The company reported ($0.03) earnings per share (EPS) for the quarter, FiscalAI reports. Emerson Radio had a negative net margin of 68.15% and a negative return on equity of 27.64%. The company had revenue of $2.11 million during the quarter.
Emerson Radio Stock Down 1.0%
Shares of NYSEAMERICAN MSN traded down $0.00 during midday trading on Friday, reaching $0.38. 16,076 shares of the stock were exchanged, compared to its average volume of 40,153. The firm has a market cap of $7.91 million, a price-to-earnings ratio of -1.98 and a beta of 0.40. The firm has a 50-day simple moving average of $0.37 and a two-hundred day simple moving average of $0.39. Emerson Radio has a twelve month low of $0.32 and a twelve month high of $0.85.
Institutional Trading of Emerson Radio
An institutional investor recently bought a new position in Emerson Radio stock. Citadel Advisors LLC purchased a new stake in shares of Emerson Radio Corporation (NYSEAMERICAN:MSN – Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 58,048 shares of the company’s stock, valued at approximately $25,000. Citadel Advisors LLC owned 0.28% of Emerson Radio as of its most recent filing with the Securities & Exchange Commission.
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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