Kartoon Studios (NASDAQ:TOON) Shares Up 4.3% – Here’s What Happened

Kartoon Studios Inc. (NASDAQ:TOON)’s share price rose 4.3% during trading on Tuesday . The stock traded as high as $0.85 and last traded at $0.82. Approximately 401,211 shares traded hands during trading, an increase of 112% from the average daily volume of 189,440 shares. The stock had previously closed at $0.79.

Kartoon Studios Price Performance

The stock has a market capitalization of $32.44 million, a price-to-earnings ratio of -0.58 and a beta of 2.73. The firm has a fifty day moving average of $0.81 and a 200 day moving average of $0.93.

Kartoon Studios (NASDAQ:TOON) last posted its earnings results 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 return on equity of 91.75% and a negative net margin of 150.04%.

Institutional Trading of Kartoon Studios

A hedge fund recently bought a new stake in Kartoon Studios stock. Coppell Advisory Solutions Corp. bought a new position in shares of Kartoon Studios Inc. (NASDAQ:TOON) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 18,013 shares of the company’s stock, valued at approximately $25,000. Coppell Advisory Solutions Corp. owned 0.05% of Kartoon Studios as of its most recent SEC filing. Institutional investors and hedge funds own 8.57% of the company’s stock.

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.