Kartoon Studios (NASDAQ:TOON) Trading 0.9% Higher – Here’s What Happened

Kartoon Studios Inc. (NASDAQ:TOON) traded up 0.9% during mid-day trading on Thursday . The stock traded as high as $0.7257 and last traded at $0.7215. 99,059 shares changed hands during mid-day trading, a decline of 31% from the average session volume of 143,612 shares. The stock had previously closed at $0.7153.

Kartoon Studios Stock Performance

The stock has a 50 day moving average of $0.71 and a 200 day moving average of $0.74. The stock has a market capitalization of $38.62 million, a P/E ratio of -0.70 and a beta of 2.18.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Caption Management LLC raised its holdings in shares of Kartoon Studios by 157.4% during the second quarter. Caption Management LLC now owns 200,000 shares of the company’s stock valued at $149,000 after buying an additional 122,303 shares during the last quarter. Jane Street Group LLC bought a new position in Kartoon Studios in the 2nd quarter valued at about $25,000. Vanguard Group Inc. increased its stake in shares of Kartoon Studios by 11.7% during the third quarter. Vanguard Group Inc. now owns 1,834,119 shares of the company’s stock valued at $1,354,000 after acquiring an additional 192,760 shares during the period. Finally, Anson Funds Management LP raised its stake in shares of Kartoon Studios by 117.9% in the 3rd quarter. Anson Funds Management LP now owns 1,778,384 shares of the company’s stock worth $1,312,000 after buying an additional 962,313 shares in the last quarter. Institutional investors own 8.57% of the company’s stock.

Kartoon Studios Company Profile

Kartoon Studios, Inc (NASDAQ: TOON) is a diversified entertainment company focused on creating, producing and distributing animated and live-action content for children and families. The company develops original intellectual property and builds consumer brands across television, digital streaming platforms and theatrical releases. Its offerings span episodic series, feature films and short-form programming, all designed to engage young audiences with positive messaging and educational themes.

The company’s flagship streaming service, the Kartoon Channel, features a wide library of original series such as Rainbow Rangers and Stan Lee’s Superhero Kindergarten, as well as licensed third-party titles.