Kartoon Studios (NASDAQ:TOON) Releases Quarterly Earnings Results

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

Kartoon Studios Stock Down 0.9 %

Shares of TOON opened at $1.06 on Friday. The company’s 50 day simple moving average is $1.28 and its 200-day simple moving average is $1.32. Kartoon Studios has a 12-month low of $0.93 and a 12-month high of $3.45. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.25 and a current ratio of 1.18.

Institutional Investors Weigh In On Kartoon Studios

Several large investors have recently modified their holdings of the stock. Coppell Advisory Solutions Corp. acquired a new position in shares of Kartoon Studios during the 1st quarter worth $25,000. Financial Advocates Investment Management acquired a new position in shares of Kartoon Studios in the 4th quarter valued at about $31,000. Finally, Raymond James & Associates acquired a new stake in shares of Kartoon Studios in the fourth quarter worth $51,000. Hedge funds and other 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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