Kartoon Studios (NASDAQ:TOON) Trading Down 1.2% – Should You Sell?

Kartoon Studios Inc. (NASDAQ:TOON)’s share price fell 1.2% on Wednesday . The stock traded as low as $0.64 and last traded at $0.64. 70,792 shares were traded during mid-day trading, a decline of 66% from the average session volume of 207,722 shares. The stock had previously closed at $0.65.

Kartoon Studios Price Performance

The stock has a market capitalization of $30.52 million, a P/E ratio of -0.63 and a beta of 3.35. The company has a fifty day moving average of $0.60 and a two-hundred day moving average of $0.61.

Institutional Trading of Kartoon Studios

Several hedge funds and other institutional investors have recently bought and sold shares of TOON. XTX Topco Ltd bought a new stake in Kartoon Studios in the first quarter valued at about $25,000. Squarepoint Ops LLC bought a new position in shares of Kartoon Studios during the fourth quarter valued at approximately $37,000. Fortress Financial Solutions LLC bought a new position in shares of Kartoon Studios during the fourth quarter valued at approximately $44,000. Virtu Financial LLC bought a new position in shares of Kartoon Studios during the fourth quarter valued at approximately $68,000. Finally, Jane Street Group LLC bought a new position in shares of Kartoon Studios during the fourth quarter valued at approximately $82,000. 8.57% of the stock is owned by institutional investors.

Kartoon Studios Company Profile

Kartoon Studios Inc, a content and brand management company, creates, produces, licenses, and broadcasts educational and multimedia animated content for children worldwide. The company offers Shaq’s Garage, a children’s animated series about the secret adventures; Cocomelon that provides 3D animation videos of traditional nursery rhymes and children’s songs; Eggventurers, a preschool animated series; Barbie Productions that provides animated Barbie series; Octonauts, a children’s television series based on the children’s books; Roblox Rumble, an elimination-style competitive reality series; and Spin Master Productions.