Kartoon Studios (NASDAQ:TOON) Trading 0.9% Higher – What’s Next?

Kartoon Studios Inc. (NASDAQ:TOON) shot up 0.9% on Thursday . The stock traded as high as $0.7257 and last traded at $0.7215. 99,059 shares were traded 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 Price Performance

The stock has a market capitalization of $38.89 million, a PE ratio of -0.71 and a beta of 2.18. The company has a 50 day moving average price of $0.72 and a 200-day moving average price of $0.74.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in TOON. Jane Street Group LLC purchased a new stake in shares of Kartoon Studios in the 2nd quarter worth about $25,000. Caption Management LLC increased its position 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 period. Anson Funds Management LP raised its stake in Kartoon Studios by 117.9% in the third 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. Finally, Vanguard Group Inc. raised its stake in Kartoon Studios by 11.7% in the third quarter. Vanguard Group Inc. now owns 1,834,119 shares of the company’s stock worth $1,354,000 after buying an additional 192,760 shares in the last quarter. 8.57% of the stock is currently owned by institutional investors.

About Kartoon Studios

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.