Emerson Radio (NYSEAMERICAN:MSN) Shares Pass Above 200 Day Moving Average of $0.00

Emerson Radio Corp. (NYSEAMERICAN:MSN)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $0.00 and traded as high as $1.13. Emerson Radio shares last traded at $1.05, with a volume of 115,393 shares.

Separately, TheStreet raised shares of Emerson Radio from a “d+” rating to a “c-” rating in a research note on Wednesday, February 17th.

The company’s 50 day moving average is $0.97.

Emerson Radio (NYSEAMERICAN:MSN) last announced its earnings results on Tuesday, February 16th. The company reported ($0.04) earnings per share for the quarter. Emerson Radio had a negative net margin of 66.45% and a negative return on equity of 14.75%. The business had revenue of $2.33 million for the quarter.

A hedge fund recently bought a new stake in Emerson Radio stock. Virtu Financial LLC bought a new position in Emerson Radio Corp. (NYSEAMERICAN:MSN) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 32,487 shares of the company’s stock, valued at approximately $33,000. Virtu Financial LLC owned about 0.15% of Emerson Radio at the end of the most recent quarter. Hedge funds and other institutional investors own 6.22% of the company’s stock.

About Emerson Radio (NYSEAMERICAN:MSN)

Emerson Radio Corp., together with its subsidiaries, designs, sources, imports, markets, and sells various houseware and consumer electronic products under the Emerson brand in the United States and internationally. It provides houseware products, such as microwave ovens, compact refrigerators, wine products, and toaster ovens; audio products, including clock radios, Bluetooth speakers, and wireless charging products; and other products comprising massagers, toothbrushes, and security products.

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