Financial Advocates Investment Management Buys New Shares in Kartoon Studios Inc. (NASDAQ:TOON)

Financial Advocates Investment Management bought a new stake in shares of Kartoon Studios Inc. (NASDAQ:TOON) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 22,550 shares of the company’s stock, valued at approximately $31,000. Financial Advocates Investment Management owned approximately 0.06% of Kartoon Studios as of its most recent filing with the Securities and Exchange Commission (SEC).

Separately, Raymond James & Associates purchased a new position in Kartoon Studios during the fourth quarter valued at $51,000. Hedge funds and other institutional investors own 8.57% of the company’s stock.

Kartoon Studios Price Performance

NASDAQ TOON opened at $1.06 on Thursday. The business’s fifty day moving average is $1.26 and its 200 day moving average is $1.32. Kartoon Studios Inc. has a fifty-two week low of $0.93 and a fifty-two week high of $3.45. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.02.

Kartoon Studios (NASDAQ:TOON) last announced its quarterly earnings data on Wednesday, May 15th. The company reported ($0.20) EPS for the quarter. Kartoon Studios had a negative net margin of 164.98% and a negative return on equity of 90.92%. The business had revenue of $6.08 million during the quarter.

About Kartoon Studios

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.