Grom Social Enterprises (NASDAQ:GROM) Trading Down 10.4%

Grom Social Enterprises, Inc. (NASDAQ:GROM) traded down 10.4% on Tuesday . The company traded as low as $0.43 and last traded at $0.45. 152,214 shares changed hands during mid-day trading, a decline of 62% from the average session volume of 404,950 shares. The stock had previously closed at $0.50.

Grom Social Enterprises Stock Performance

The business has a 50 day moving average price of $0.53 and a two-hundred day moving average price of $0.77. The company has a market cap of $3.98 million, a P/E ratio of -0.04 and a beta of 1.51.

Grom Social Enterprises (NASDAQ:GROM) last announced its quarterly earnings data on Monday, May 20th. The company reported ($1.47) earnings per share for the quarter. Grom Social Enterprises had a negative net margin of 386.01% and a negative return on equity of 89.97%. The company had revenue of $0.87 million during the quarter.

Hedge Funds Weigh In On Grom Social Enterprises

An institutional investor recently bought a new position in Grom Social Enterprises stock. Brookstone Capital Management acquired a new stake in shares of Grom Social Enterprises, Inc. (NASDAQ:GROM) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 29,192 shares of the company’s stock, valued at approximately $33,000. Brookstone Capital Management owned 1.48% of Grom Social Enterprises at the end of the most recent quarter. Institutional investors own 15.94% of the company’s stock.

About Grom Social Enterprises

Grom Social Enterprises, Inc, through its subsidiaries, operates as a media, technology, and entertainment company in the United States and Philippines. It operates through three segments: Animation, Original Content, and Social and Technology. The company operates a social media network for children under the age of 13 years.