TheStreet upgraded shares of Emerson Radio Corp (NYSEMKT:MSN) from a d+ rating to a c- rating in a research report released on Tuesday morning.
Emerson Radio Corp (MSN) opened at 1.45 on Tuesday. Emerson Radio Corp has a 12 month low of $0.69 and a 12 month high of $1.89. The firm has a 50 day moving average of $1.38 and a 200-day moving average of $1.31. The firm’s market cap is $39.14 million.
Emerson Radio Corp (NYSEMKT:MSN) last issued its earnings results on Monday, August 14th. The company reported ($0.03) earnings per share for the quarter. The firm had revenue of $3.00 million during the quarter. Emerson Radio Corp had a negative net margin of 29.66% and a negative return on equity of 6.72%. On average, equities research analysts forecast that Emerson Radio Corp will post $0.22 earnings per share for the current year.
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Emerson Radio Corp announced that its Board of Directors has approved a stock buyback plan on Tuesday, September 5th that authorizes the company to repurchase $5.00 million in shares. This repurchase authorization authorizes the company to reacquire up to 15.6% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.
About Emerson Radio Corp
Emerson Radio Corp. designs, sources, imports and markets a range of houseware and consumer electronic products. The Company also licenses its trademarks for a range of products around the world. Its product and branded categories consist of Houseware Products, which include microwave ovens and compact refrigerators; Audio Products, including clock radios, and Other, which consists of televisions, mobile and landline telephones and accessories, tablet computers and accessories, cameras and video cameras and accessories, and miscellaneous electronic and novelty products.
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