Kartoon Studios (NASDAQ:TOON) Stock Price Down 4.5% – What’s Next?

Shares of Kartoon Studios Inc. (NASDAQ:TOON) fell 4.5% during mid-day trading on Tuesday . The company traded as low as $0.60 and last traded at $0.6016. 103,989 shares changed hands during trading, a decline of 61% from the average session volume of 267,764 shares. The stock had previously closed at $0.63.

Kartoon Studios Price Performance

The stock’s fifty day simple moving average is $0.62 and its 200-day simple moving average is $0.70. The company has a market capitalization of $33.89 million, a P/E ratio of -0.59 and a beta of 2.11.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in TOON. Anson Funds Management LP raised its position in shares of Kartoon Studios by 192.3% during the fourth quarter. Anson Funds Management LP now owns 5,198,384 shares of the company’s stock valued at $3,743,000 after buying an additional 3,420,000 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Kartoon Studios by 11.7% during the third 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. Caption Management LLC raised its position in shares of Kartoon Studios by 157.4% during the second quarter. Caption Management LLC now owns 200,000 shares of the company’s stock valued at $149,000 after buying an additional 122,303 shares during the last quarter. L1 Global Manager Pty Ltd acquired a new position in shares of Kartoon Studios during the fourth quarter valued at about $44,000. Finally, Geode Capital Management LLC raised its position in shares of Kartoon Studios by 11.2% during the fourth 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. Institutional investors and hedge funds own 8.57% of the company’s stock.

Kartoon Studios Company Profile

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.