Dolphin Entertainment (NASDAQ:DLPN) Trading Up 3.8% – Here’s Why

Shares of Dolphin Entertainment, Inc. (NASDAQ:DLPN) were up 3.8% during trading on Monday . The stock traded as high as $1.66 and last traded at $1.63. Approximately 191,161 shares were traded during mid-day trading, an increase of 563% from the average daily volume of 28,824 shares. The stock had previously closed at $1.57.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Dolphin Entertainment in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Dolphin Entertainment presently has a consensus rating of “Sell”.

Dolphin Entertainment Stock Performance

The stock has a 50-day moving average price of $1.60 and a 200 day moving average price of $1.38. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.89. The firm has a market capitalization of $19.76 million, a price-to-earnings ratio of -3.13 and a beta of 2.56.

Dolphin Entertainment (NASDAQ:DLPN) last issued its quarterly earnings results on Wednesday, November 12th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.03. Dolphin Entertainment had a negative net margin of 11.37% and a negative return on equity of 65.09%. The company had revenue of $14.80 million during the quarter, compared to the consensus estimate of $15.00 million.

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.