Kartoon Studios (NASDAQ:TOON) Releases Quarterly Earnings Results

Kartoon Studios (NASDAQ:TOONGet Free Report) posted its earnings results on Wednesday. The company reported ($0.20) earnings per share (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 Stock Down 0.9 %

Shares of NASDAQ:TOON opened at $1.06 on Friday. The business has a fifty 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 twelve month low of $0.93 and a twelve month high of $3.45.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Coppell Advisory Solutions Corp. bought a new position in shares of Kartoon Studios in the first quarter worth about $25,000. Financial Advocates Investment Management acquired a new stake in shares of Kartoon Studios in the fourth quarter valued at approximately $31,000. Finally, Raymond James & Associates bought a new position in Kartoon Studios in the 4th quarter worth approximately $51,000. Institutional investors and hedge funds own 8.57% of the company’s stock.

Kartoon Studios Company Profile

(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.

See Also

Earnings History for Kartoon Studios (NASDAQ:TOON)

Receive News & Ratings for Kartoon Studios Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kartoon Studios and related companies with MarketBeat.com's FREE daily email newsletter.