Kartoon Studios (NASDAQ:TOON) Trading Up 1.4% – What’s Next?

Kartoon Studios Inc. (NASDAQ:TOON)’s share price rose 1.4% on Monday . The stock traded as high as $0.5888 and last traded at $0.5780. 162,815 shares changed hands during mid-day trading, a decline of 78% from the average session volume of 738,804 shares. The stock had previously closed at $0.57.

Kartoon Studios Trading Up 0.4%

The firm has a market cap of $36.08 million, a price-to-earnings ratio of -0.57 and a beta of 2.08. The firm has a 50 day moving average price of $0.61 and a 200-day moving average price of $0.66.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Kartoon Studios stock. L1 Global Manager Pty Ltd bought a new stake in Kartoon Studios Inc. (NASDAQ:TOON) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 61,255 shares of the company’s stock, valued at approximately $44,000. L1 Global Manager Pty Ltd owned approximately 0.11% of Kartoon Studios as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 8.57% of the company’s stock.

Kartoon Studios Company Profile

Kartoon Studios, Inc is a media and entertainment company that develops, produces, distributes and licenses animated and family-oriented content. Its portfolio includes original and acquired children’s brands such as Baby Genius, Rainbow Rangers, Stan Lee’s Superhero Kindergarten and Shaq’s Garage. The company also pursues consumer-products, merchandising and licensing opportunities related to its intellectual property.

The company operates the Kartoon Channel!, a digital entertainment platform offering children’s and family programming through connected televisions, mobile devices, online services and other distribution partners.