Dolphin Entertainment (NASDAQ:DLPN) Trading Down 8% – What’s Next?

Dolphin Entertainment, Inc. (NASDAQ:DLPN) shares were down 8% during mid-day trading on Monday . The company traded as low as $0.60 and last traded at $0.61. Approximately 61,872 shares changed hands during mid-day trading, a decline of 6% from the average daily volume of 65,565 shares. The stock had previously closed at $0.66.

Dolphin Entertainment Price Performance

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 capitalization of $12.89 million, a PE ratio of -0.48 and a beta of 1.94. The stock’s 50-day moving average is $0.70 and its two-hundred day moving average is $0.95.

Dolphin Entertainment (NASDAQ:DLPN) last announced its quarterly earnings data on Wednesday, August 14th. The company reported ($0.08) EPS for the quarter, beating the consensus estimate 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 company 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.