Total Investment Management Inc. Lowers Stock Holdings in SRM Entertainment, Inc. (NASDAQ:SRM)

Total Investment Management Inc. lowered its position in shares of SRM Entertainment, Inc. (NASDAQ:SRM) by 61.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,254 shares of the company’s stock after selling 51,289 shares during the period. Total Investment Management Inc.’s holdings in SRM Entertainment were worth $51,000 as of its most recent SEC filing.

SRM Entertainment Trading Up 4.1 %

Shares of NASDAQ SRM traded up $0.05 during midday trading on Friday, hitting $1.26. 52,796 shares of the company’s stock were exchanged, compared to its average volume of 40,172. The business’s fifty day moving average price is $1.28 and its two-hundred day moving average price is $1.51. The company has a market cap of $12.80 million and a price-to-earnings ratio of -2.80. SRM Entertainment, Inc. has a 12-month low of $0.95 and a 12-month high of $6.01.

SRM Entertainment (NASDAQ:SRM) last posted its quarterly earnings results on Friday, May 10th. The company reported ($0.17) earnings per share for the quarter. The business had revenue of $1.01 million for the quarter.

SRM Entertainment Company Profile

SRM Entertainment, Inc designs, manufactures, and sells toys and souvenirs to theme parks. It sells its products through amusement parks, entertainment venues, and theme hotels in the United States, China, Japan, and internationally. The company was incorporated in 2022 and is based in Jupiter, Florida.