Kartoon Studios (NASDAQ:TOON) Trading 1.6% Higher

Kartoon Studios Inc. (NASDAQ:TOON)’s share price traded up 1.6% during trading on Thursday . The company traded as high as $0.88 and last traded at $0.87. 49,987 shares traded hands during trading, a decline of 76% from the average session volume of 208,967 shares. The stock had previously closed at $0.85.

Kartoon Studios Stock Down 1.3 %

The business has a 50 day moving average of $0.92 and a 200 day moving average of $1.11. The company has a market capitalization of $33.72 million, a P/E ratio of -0.50 and a beta of 2.71.

Kartoon Studios (NASDAQ:TOON) last announced its quarterly earnings results on Wednesday, August 14th. The company reported ($0.15) EPS for the quarter. Kartoon Studios had a negative net margin of 150.04% and a negative return on equity of 91.75%. The firm had revenue of $8.38 million for the quarter.

Institutional Investors Weigh In On Kartoon Studios

A hedge fund recently bought a new stake in Kartoon Studios stock. Coppell Advisory Solutions Corp. acquired a new stake in shares of Kartoon Studios Inc. (NASDAQ:TOON) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 18,013 shares of the company’s stock, valued at approximately $25,000. Coppell Advisory Solutions Corp. owned 0.05% of Kartoon Studios at the end of the most recent reporting period. 8.57% of the stock is owned by hedge funds and other institutional investors.

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.