JAKKS Pacific (NASDAQ:JAKK) Trading 5.9% Higher

JAKKS Pacific, Inc. (NASDAQ:JAKK)’s share price traded up 5.9% during mid-day trading on Monday . The company traded as high as $1.21 and last traded at $1.07, 609,688 shares were traded during trading. An increase of 653% from the average session volume of 80,982 shares. The stock had previously closed at $1.01.

A number of research analysts have issued reports on the stock. ValuEngine raised shares of JAKKS Pacific from a “sell” rating to a “hold” rating in a research report on Friday. Jefferies Financial Group set a $1.00 price objective on shares of JAKKS Pacific and gave the company a “hold” rating in a research report on Friday, August 23rd.

The company has a debt-to-equity ratio of 9.01, a quick ratio of 1.18 and a current ratio of 1.44. The stock’s 50-day simple moving average is $0.87 and its 200-day simple moving average is $0.81. The firm has a market capitalization of $35.56 million, a PE ratio of -0.86 and a beta of 1.44.

JAKKS Pacific (NASDAQ:JAKK) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.76 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.48. The business had revenue of $280.13 million for the quarter, compared to the consensus estimate of $280.50 million. JAKKS Pacific had a negative net margin of 6.66% and a negative return on equity of 83.08%. As a group, analysts predict that JAKKS Pacific, Inc. will post -1.53 earnings per share for the current fiscal year.

An institutional investor recently raised its position in JAKKS Pacific stock. Bank of America Corp DE lifted its holdings in JAKKS Pacific, Inc. (NASDAQ:JAKK) by 65.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,592,655 shares of the company’s stock after buying an additional 1,021,015 shares during the quarter. Bank of America Corp DE owned approximately 9.71% of JAKKS Pacific worth $1,815,000 as of its most recent SEC filing. Institutional investors own 31.34% of the company’s stock.

JAKKS Pacific Company Profile (NASDAQ:JAKK)

JAKKS Pacific, Inc develops, produces, and markets consumer products worldwide. The company operates through three segments: U.S. and Canada, International, and Halloween. It offers action figures and accessories, such as licensed characters; toy vehicles and accessories; dolls and accessories, including small, large, fashion, and baby dolls based on licenses, as well as infant and pre-school products; private label products; and foot-to-floor ride-on products, inflatable environments, tents, and wagons.

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