Shares of Kartoon Studios Inc. (NASDAQ:TOON – Get Free Report) shot up 2.7% on Thursday . The stock traded as high as $0.62 and last traded at $0.6172. 368,921 shares were traded during mid-day trading, an increase of 36% from the average session volume of 271,975 shares. The stock had previously closed at $0.6009.
Kartoon Studios Stock Performance
The stock has a market cap of $37.49 million, a P/E ratio of -0.62 and a beta of 2.06. The firm’s 50-day moving average is $0.62 and its two-hundred day moving average is $0.67.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the company. Anson Funds Management LP boosted its position in Kartoon Studios by 117.9% in the 3rd quarter. Anson Funds Management LP now owns 1,778,384 shares of the company’s stock valued at $1,312,000 after buying an additional 962,313 shares during the last quarter. Geode Capital Management LLC boosted its position in Kartoon Studios by 11.2% in the 4th quarter. Geode Capital Management LLC now owns 472,839 shares of the company’s stock valued at $341,000 after buying an additional 47,456 shares during the last quarter. Vanguard Group Inc. boosted its position in Kartoon Studios by 11.7% in the 3rd quarter. Vanguard Group Inc. now owns 1,834,119 shares of the company’s stock valued at $1,354,000 after buying an additional 192,760 shares during the last quarter. SG Americas Securities LLC bought a new position in Kartoon Studios in the 1st quarter valued at $655,000. Finally, State Street Corp boosted its position in Kartoon Studios by 17.9% in the 4th quarter. State Street Corp now owns 141,260 shares of the company’s stock valued at $102,000 after buying an additional 21,400 shares during the last quarter. 8.57% of the stock is currently owned by institutional investors.
About Kartoon Studios
Kartoon Studios, Inc (NASDAQ: TOON) is a diversified entertainment company focused on creating, producing and distributing animated and live-action content for children and families. The company develops original intellectual property and builds consumer brands across television, digital streaming platforms and theatrical releases. Its offerings span episodic series, feature films and short-form programming, all designed to engage young audiences with positive messaging and educational themes.
The company’s flagship streaming service, the Kartoon Channel, features a wide library of original series such as Rainbow Rangers and Stan Lee’s Superhero Kindergarten, as well as licensed third-party titles.
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