Kartoon Studios (NASDAQ:TOON) Trading Down 2.3% – What’s Next?

Kartoon Studios Inc. (NASDAQ:TOON)’s stock price traded down 2.3% during trading on Friday . The stock traded as low as $0.7105 and last traded at $0.7112. 177,742 shares traded hands during mid-day trading, a decline of 10% from the average session volume of 197,707 shares. The stock had previously closed at $0.7280.

Kartoon Studios Price Performance

The firm has a market cap of $38.34 million, a P/E ratio of -0.70 and a beta of 2.18. The stock has a 50 day moving average of $0.73 and a 200 day moving average of $0.74.

Institutional Investors Weigh In On Kartoon Studios

Large investors have recently made changes to their positions in the business. Anson Funds Management LP raised its holdings 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 worth $1,312,000 after purchasing an additional 962,313 shares in the last quarter. Vanguard Group Inc. grew its holdings in Kartoon Studios by 11.7% in the third quarter. Vanguard Group Inc. now owns 1,834,119 shares of the company’s stock worth $1,354,000 after purchasing an additional 192,760 shares during the period. Caption Management LLC boosted its position in shares of Kartoon Studios by 157.4% in the 2nd quarter. Caption Management LLC now owns 200,000 shares of the company’s stock worth $149,000 after purchasing an additional 122,303 shares in the last quarter. Finally, Jane Street Group LLC bought a new stake in Kartoon Studios in the second quarter worth $25,000. 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.