Kartoon Studios (NASDAQ:TOON) Trading 1% Higher

Kartoon Studios Inc. (NASDAQ:TOON)’s share price was up 1% on Friday . The stock traded as high as $1.01 and last traded at $1.01. Approximately 63,478 shares were traded during trading, a decline of 74% from the average daily volume of 243,894 shares. The stock had previously closed at $1.00.

Kartoon Studios Stock Up 1.0 %

The firm has a market capitalization of $39.78 million, a PE ratio of -0.58 and a beta of 2.74. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.18 and a quick ratio of 1.18. The company’s fifty day simple moving average is $1.04 and its 200-day simple moving average is $1.26.

Kartoon Studios (NASDAQ:TOON) last posted its quarterly earnings results on Wednesday, May 15th. The company reported ($0.20) EPS for the quarter. The business had revenue of $6.08 million during the quarter. Kartoon Studios had a negative net margin of 164.98% and a negative return on equity of 90.92%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of TOON. Raymond James & Associates acquired a new stake in shares of Kartoon Studios during the 4th quarter worth approximately $51,000. Financial Advocates Investment Management acquired a new stake in shares of Kartoon Studios during the 4th quarter worth approximately $31,000. Finally, Coppell Advisory Solutions Corp. purchased a new stake in shares of Kartoon Studios during the 1st quarter worth $25,000. Institutional investors and hedge funds own 8.57% of the company’s stock.

About Kartoon Studios

Kartoon Studios Inc, a content and brand management company, creates, produces, licenses, and broadcasts educational and multimedia animated content for children worldwide. The company offers Shaq's Garage, a children's animated series about the secret adventures; Cocomelon that provides 3D animation videos of traditional nursery rhymes and children's songs; Eggventurers, a preschool animated series; Barbie Productions that provides animated Barbie series; Octonauts, a children's television series based on the children's books; Roblox Rumble, an elimination-style competitive reality series; and Spin Master Productions.