Kartoon Studios (NASDAQ:TOON) Shares Down 1.7% – Time to Sell?

Kartoon Studios Inc. (NASDAQ:TOON)’s stock price traded down 1.7% on Wednesday . The company traded as low as $0.6341 and last traded at $0.6440. 111,944 shares traded hands during trading, a decline of 60% from the average session volume of 277,078 shares. The stock had previously closed at $0.6550.

Kartoon Studios Stock Down 1.8%

The business has a 50-day moving average price of $0.61 and a two-hundred day moving average price of $0.68. The company has a market capitalization of $35.87 million, a price-to-earnings ratio of -0.62 and a beta of 2.11.

Institutional Investors Weigh In On Kartoon Studios

A number of institutional investors and hedge funds have recently bought and sold shares of TOON. Anson Funds Management LP raised its position in Kartoon Studios by 192.3% in the 4th 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. SG Americas Securities LLC purchased a new stake in Kartoon Studios in the 1st quarter valued at $655,000. Vanguard Group Inc. raised 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. Caption Management LLC raised its position in Kartoon Studios by 157.4% in the 2nd 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. Finally, L1 Global Manager Pty Ltd purchased a new stake in Kartoon Studios in the 4th quarter valued at $44,000. 8.57% of the stock is owned by hedge funds and other institutional investors.

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.