Emerson Radio Corp. (NYSEAMERICAN:MSN) was up 2.5% during trading on Tuesday . The company traded as high as $1.30 and last traded at $1.23. Approximately 415,711 shares traded hands during mid-day trading, an increase of 2% from the average daily volume of 408,396 shares. The stock had previously closed at $1.20.
Separately, TheStreet cut Emerson Radio from a “c-” rating to a “d+” rating in a research report on Monday, June 14th.
A hedge fund recently raised its stake in Emerson Radio stock. Renaissance Technologies LLC raised its position in Emerson Radio Corp. (NYSEAMERICAN:MSN) by 14.6% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,052,795 shares of the company’s stock after acquiring an additional 134,007 shares during the quarter. Renaissance Technologies LLC owned approximately 5.00% of Emerson Radio worth $1,348,000 at the end of the most recent quarter. 6.02% of the stock is owned by institutional investors.
Emerson Radio Corp. engages in the design, sourcing, importation, and marketing of a variety of houseware and consumer electronic products; and licenses its trademarks to others on a worldwide basis. Its products include Microwave Ovens, Compact Refrigerators, Wine Products, Toaster Ovens, Clock Radios, Bluetooth Speakers, Wireless Charging, Massagers, Toothbrushes, and Security Products.
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