Shares of Kartoon Studios Inc. (NASDAQ:TOON – Get Free Report) traded up 0.9% during trading on Tuesday. The stock traded as high as $0.5626 and last traded at $0.5590. Approximately 163,477 shares were traded during trading, a decline of 77% from the average session volume of 711,000 shares. The stock had previously closed at $0.5538.
Kartoon Studios Stock Down 1.0%
The stock has a market cap of $33.61 million, a price-to-earnings ratio of -0.53 and a beta of 2.07. The company’s 50-day simple moving average is $0.60 and its 200-day simple moving average is $0.66.
Institutional Investors Weigh In On Kartoon Studios
An institutional investor recently bought a new position in Kartoon Studios stock. SG Americas Securities LLC bought a new position in Kartoon Studios Inc. (NASDAQ:TOON – Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,050,010 shares of the company’s stock, valued at approximately $655,000. SG Americas Securities LLC owned about 1.86% of Kartoon Studios as of its most recent SEC filing. Institutional investors own 8.57% of the company’s stock.
Kartoon Studios Company Profile
Kartoon Studios, Inc (NASDAQ:TOON) is a global children’s entertainment company that develops, produces, distributes and licenses animated and live-action content. Its business includes original television and digital programming, consumer products, licensing and distribution partnerships, and branded entertainment.
The company’s portfolio has included properties such as Rainbow Rangers, Baby Genius, Stan Lee’s Superhero Kindergarten and Shaq’s Garage.
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