Dolphin Entertainment (NASDAQ:DLPN) Trading Down 0.9% – Time to Sell?

Dolphin Entertainment, Inc. (NASDAQ:DLPN) fell 0.9% on Wednesday . The stock traded as low as $0.96 and last traded at $1.01. 55,375 shares were traded during trading, an increase of 38% from the average session volume of 40,217 shares. The stock had previously closed at $1.02.

Dolphin Entertainment Trading Down 0.9 %

The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.76 and a current ratio of 0.76. The stock has a market capitalization of $11.72 million, a PE ratio of -0.50 and a beta of 2.00. The business’s 50-day moving average is $1.04 and its two-hundred day moving average is $1.15.

Dolphin Entertainment (NASDAQ:DLPN) last issued its quarterly earnings results on Thursday, March 27th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.05). The firm had revenue of $12.36 million for the quarter, compared to analyst estimates of $12.10 million. Dolphin Entertainment had a negative return on equity of 67.30% and a negative net margin of 39.39%.

Hedge Funds Weigh In On Dolphin Entertainment

An institutional investor recently bought a new position in Dolphin Entertainment stock. Bard Associates Inc. bought a new position in shares of Dolphin Entertainment, Inc. (NASDAQ:DLPN) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 118,159 shares of the company’s stock, valued at approximately $126,000. Bard Associates Inc. owned approximately 1.06% of Dolphin Entertainment as of its most recent filing with the SEC. 8.87% of the stock is currently owned by institutional investors.

Dolphin Entertainment Company Profile

Dolphin Entertainment, Inc, together with its subsidiaries, operates as an independent entertainment marketing and production company in the United States. The company operates in two segments, Entertainment Publicity, and Marketing and Content Production. The Entertainment Publicity and Marketing segment provides diversified marketing services, including public relations, entertainment and hospitality content marketing, strategic communications, strategic marketing consulting, social media and influencer marketing, digital marketing, creative branding, talent publicity, and entertainment marketing services, as well as produces promotional video content.