Micro-Cap Emerson Radio Stock Surges By Two-Thirds In 2 Days, And Then Some More, Piquing Retail Traders

The home appliance company's shares snagged nearly the highest possible sentiment reading on Stocktwits.

Shares of Emerson Radio, one of the oldest consumer electronics manufacturers in the U.S., rose 20% in after-market trading on Wednesday after a sharp rally in recent sessions, piquing the interest of retail investors.

The MSN stock rose 65% in the previous two sessions to close at its highest level in over three years, without an apparent catalyst. The company is listed on the NYSE American, a platform for trading shares of small- and micro-cap companies operated by NYSE, and had a market cap of $15.7 million as of Wednesday.

On Stocktwits, retail sentiment for the stock shifted to nearly the highest possible level, 'extremely bullish' (98/100) as of early Thursday, up from 'neutral' two days prior. Over the past 24 hours, the message volume for the ticker increased by 278%, while the number of watchers on Stocktwits jumped by 18%.

Several users reported buying shares, adding the stock to their watchlists, and forecasting a price level of $2 or more in the coming days.

"$MSN Anything below $1 is a buy here," said one user.

New Jersey-based Emerson Radio produces and sells a range of home appliances, including microwave ovens, refrigerators, fans, clock radios, Bluetooth speakers, and televisions.

Year-to-date, the company's shares have gained 77.4%.

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