Emerson Radio (NYSEAMERICAN:MSN – Get Free Report) posted its quarterly earnings data on Friday. The company reported ($0.03) 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 for the quarter.
Emerson Radio Price Performance
Shares of NYSEAMERICAN:MSN traded down $0.00 during trading on Friday, reaching $0.38. The company had a trading volume of 16,076 shares, compared to its average volume of 101,434. Emerson Radio has a fifty-two week low of $0.32 and a fifty-two week high of $0.85. The stock’s fifty day moving average price is $0.37 and its 200 day moving average price is $0.39. The firm has a market capitalization of $7.91 million, a price-to-earnings ratio of -1.98 and a beta of 0.40.
Hedge Funds Weigh In On Emerson Radio
A hedge fund recently bought a new stake in Emerson Radio stock. Citadel Advisors LLC acquired a new position in shares of Emerson Radio Corporation (NYSEAMERICAN:MSN – Free Report) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 58,048 shares of the company’s stock, valued at approximately $25,000. Citadel Advisors LLC owned about 0.28% 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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