Kartoon Studios (NASDAQ:TOON) Stock Price Down 0.1% – What’s Next?

Kartoon Studios Inc. (NASDAQ:TOON)’s share price traded down 0.1% during trading on Tuesday . The stock traded as low as $0.5710 and last traded at $0.5890. Approximately 233,619 shares were traded during trading, a decline of 73% from the average session volume of 872,114 shares. The stock had previously closed at $0.5893.

Kartoon Studios Stock Up 3.3%

The company has a fifty day moving average of $0.73 and a two-hundred day moving average of $0.67. The stock has a market capitalization of $35.08 million, a price-to-earnings ratio of -0.58 and a beta of 2.06.

Institutional Trading of Kartoon Studios

Hedge funds have recently made changes to their positions in the company. Jane Street Group LLC acquired a new position in shares of Kartoon Studios during the second quarter worth about $25,000. L1 Global Manager Pty Ltd purchased a new position in Kartoon Studios during the fourth quarter worth about $44,000. State Street Corp lifted its position in Kartoon Studios by 17.9% in the fourth quarter. State Street Corp now owns 141,260 shares of the company’s stock valued at $102,000 after purchasing an additional 21,400 shares during the period. Caption Management LLC lifted its position in Kartoon Studios by 157.4% in the second quarter. Caption Management LLC now owns 200,000 shares of the company’s stock valued at $149,000 after purchasing an additional 122,303 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in Kartoon Studios by 11.2% in the 4th quarter. Geode Capital Management LLC now owns 472,839 shares of the company’s stock valued at $341,000 after purchasing an additional 47,456 shares in the last quarter. Institutional investors and hedge funds own 8.57% of the company’s stock.

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.