Dolphin Entertainment Stock to Reverse Split on Wednesday, October 16th (NASDAQ:DLPN)

Dolphin Entertainment, Inc. (NASDAQ:DLPN)’s stock is set to reverse split on Wednesday, October 16th. The 1-2 reverse split was announced on Monday, October 14th. The number of shares owned by shareholders will be adjusted after the market closes on Tuesday, October 15th.

Dolphin Entertainment Price Performance

Shares of Dolphin Entertainment stock traded up $0.06 on Monday, hitting $0.69. 182,160 shares of the company traded hands, compared to its average volume of 65,896. Dolphin Entertainment has a 12-month low of $0.51 and a 12-month high of $1.99. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.57. The company has a market cap of $13.06 million, a P/E ratio of -0.43 and a beta of 1.94. The firm’s 50-day simple moving average is $0.69 and its 200 day simple moving average is $0.93.

Dolphin Entertainment (NASDAQ:DLPN) last released its earnings results on Wednesday, August 14th. The company reported ($0.08) EPS for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.01. Dolphin Entertainment had a negative return on equity of 73.80% and a negative net margin of 31.53%. The business had revenue of $11.45 million for the quarter.

About Dolphin Entertainment

Dolphin Entertainment, Inc, together with its subsidiaries, operates as an independent entertainment marketing and production company in the United States. The company operates in two segments, Entertainment Publicity, and Marketing and Content Production. The Entertainment Publicity and Marketing segment provides diversified marketing services, including public relations, entertainment and hospitality content marketing, strategic communications, strategic marketing consulting, social media and influencer marketing, digital marketing, creative branding, talent publicity, and entertainment marketing services, as well as produces promotional video content.