Dolphin Entertainment (NASDAQ:DLPN) Stock Price Down 1.2% – Should You Sell?

Dolphin Entertainment, Inc. (NASDAQ:DLPN) was down 1.2% on Tuesday . The stock traded as low as $1.60 and last traded at $1.61. Approximately 9,027 shares traded hands during trading, a decline of 76% from the average daily volume of 37,319 shares. The stock had previously closed at $1.63.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Dolphin Entertainment in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.

Dolphin Entertainment Price Performance

The company has a market capitalization of $19.51 million, a P/E ratio of -3.10 and a beta of 2.56. The stock’s fifty day simple moving average is $1.61 and its 200-day simple moving average is $1.52. The company has a debt-to-equity ratio of 1.89, a current ratio of 0.82 and a quick ratio of 0.82.

Institutional Trading of Dolphin Entertainment

A hedge fund recently raised its stake in Dolphin Entertainment stock. Renaissance Technologies LLC raised its holdings in Dolphin Entertainment, Inc. (NASDAQ:DLPN) by 25.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 47,400 shares of the company’s stock after buying an additional 9,500 shares during the quarter. Renaissance Technologies LLC owned 0.39% of Dolphin Entertainment worth $74,000 at the end of the most recent quarter. 8.87% of the stock is owned by institutional investors and hedge funds.

Dolphin Entertainment Company Profile

Dolphin Entertainment, Inc, together with its subsidiaries, operates as an independent entertainment marketing and production company in the United States. The company operates in two segments, Entertainment Publicity, and Marketing and Content Production. The Entertainment Publicity and Marketing segment provides diversified marketing services, including public relations, entertainment and hospitality content marketing, strategic communications, strategic marketing consulting, social media and influencer marketing, digital marketing, creative branding, talent publicity, and entertainment marketing services, as well as produces promotional video content.