Shares of JAKKS Pacific, Inc. (NASDAQ:JAKK) dropped 1.5% during mid-day trading on Friday . The company traded as low as $0.67 and last traded at $0.68. Approximately 3,010 shares changed hands during mid-day trading, a decline of 92% from the average daily volume of 36,848 shares. The stock had previously closed at $0.69.

JAKK has been the subject of a number of research analyst reports. Zacks Investment Research lowered JAKKS Pacific from a “hold” rating to a “sell” rating in a report on Wednesday, May 22nd. DA Davidson reduced their target price on JAKKS Pacific to $1.50 and set a “neutral” rating for the company in a report on Thursday, March 14th. Finally, ValuEngine upgraded JAKKS Pacific from a “sell” rating to a “hold” rating in a report on Friday, May 10th.

The firm has a market cap of $17.38 million, a PE ratio of -0.54 and a beta of 1.43. The company has a quick ratio of 1.27, a current ratio of 1.67 and a debt-to-equity ratio of 7.11.

JAKKS Pacific (NASDAQ:JAKK) last released its earnings results on Thursday, May 9th. The company reported ($1.00) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.56) by ($0.44). The business had revenue of $70.83 million during the quarter, compared to analysts’ expectations of $78.65 million. JAKKS Pacific had a negative net margin of 6.47% and a negative return on equity of 77.24%. On average, sell-side analysts forecast that JAKKS Pacific, Inc. will post -0.93 earnings per share for the current fiscal year.

Large investors have recently made changes to their positions in the stock. Virtu Financial LLC purchased a new stake in shares of JAKKS Pacific during the first quarter worth $37,000. Citigroup Inc. raised its holdings in shares of JAKKS Pacific by 81.2% during the fourth quarter. Citigroup Inc. now owns 146,282 shares of the company’s stock worth $215,000 after acquiring an additional 65,543 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of JAKKS Pacific by 0.8% during the first quarter. Renaissance Technologies LLC now owns 2,121,230 shares of the company’s stock worth $2,142,000 after acquiring an additional 17,030 shares in the last quarter. Vanguard Group Inc raised its holdings in shares of JAKKS Pacific by 10.9% during the third quarter. Vanguard Group Inc now owns 989,352 shares of the company’s stock worth $2,523,000 after acquiring an additional 97,196 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of JAKKS Pacific by 10.9% during the third quarter. Vanguard Group Inc. now owns 989,352 shares of the company’s stock worth $2,523,000 after acquiring an additional 97,196 shares in the last quarter. Institutional investors and hedge funds own 42.22% of the company’s stock.

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About JAKKS Pacific (NASDAQ:JAKK)

JAKKS Pacific, Inc develops, produces, and markets consumer products worldwide. The company operates through three segments: U.S. and Canada, International, and Halloween. It offers action figures and accessories, such as licensed characters; toy vehicles and accessories; dolls and accessories, including small, large, fashion, and baby dolls based on licenses, as well as infant and pre-school products; private label products; and foot-to-floor ride-on products, inflatable environments, tents, and wagons.

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