Kartoon Studios (NASDAQ:TOON) Posts Earnings Results

Kartoon Studios (NASDAQ:TOONGet Free Report) released its earnings results on Wednesday. The company reported ($0.20) EPS for the quarter, reports. Kartoon Studios had a negative net margin of 164.98% and a negative return on equity of 90.92%. The firm had revenue of $6.08 million during the quarter.

Kartoon Studios Trading Down 0.9 %

NASDAQ:TOON opened at $1.06 on Friday. The business has a 50 day moving average of $1.28 and a 200 day moving average of $1.32. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.25 and a current ratio of 1.18. Kartoon Studios has a 1-year low of $0.93 and a 1-year high of $3.45.

Hedge Funds Weigh In On Kartoon Studios

Several institutional investors and hedge funds have recently made changes to their positions in the business. Raymond James & Associates purchased a new stake in shares of Kartoon Studios during the fourth quarter valued at approximately $51,000. Financial Advocates Investment Management purchased a new position in shares of Kartoon Studios in the fourth quarter valued at about $31,000. Finally, Coppell Advisory Solutions Corp. bought a new position in shares of Kartoon Studios during the first quarter valued at about $25,000. Institutional investors own 8.57% of the company’s stock.

About Kartoon Studios

(Get Free Report)

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.

Further Reading

Earnings History for Kartoon Studios (NASDAQ:TOON)

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