Kartoon Studios (NASDAQ:TOON) Shares Down 1.5% – Time to Sell?

Kartoon Studios Inc. (NASDAQ:TOON)’s share price was down 1.5% on Friday . The company traded as low as $0.76 and last traded at $0.79. Approximately 172,743 shares changed hands during trading, a decline of 13% from the average daily volume of 198,823 shares. The stock had previously closed at $0.80.

Kartoon Studios Stock Performance

The stock’s 50-day simple moving average is $0.88 and its two-hundred day simple moving average is $1.05. The stock has a market cap of $31.07 million, a price-to-earnings ratio of -0.46 and a beta of 2.70.

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Kartoon Studios stock. Coppell Advisory Solutions Corp. purchased a new position in Kartoon Studios Inc. (NASDAQ:TOON) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 18,013 shares of the company’s stock, valued at approximately $25,000. Coppell Advisory Solutions Corp. owned approximately 0.05% of Kartoon Studios as of its most recent SEC filing. 8.57% of the stock is currently 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.