Genius Brands International, Inc. (NASDAQ:GNUS – Get Rating)’s share price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $1.85 and traded as high as $2.78. Genius Brands International shares last traded at $2.64, with a volume of 297,800 shares changing hands.
Genius Brands International Stock Performance
The firm has a fifty day simple moving average of $1.85 and a 200 day simple moving average of $1.07. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.01. The stock has a market cap of $83.61 million, a price-to-earnings ratio of -1.32 and a beta of 2.18.
Hedge Funds Weigh In On Genius Brands International
Several large investors have recently added to or reduced their stakes in the company. Financial Advocates Investment Management raised its holdings in Genius Brands International by 8.9% in the 3rd quarter. Financial Advocates Investment Management now owns 227,491 shares of the company’s stock valued at $137,000 after acquiring an additional 18,539 shares in the last quarter. LPL Financial LLC raised its holdings in shares of Genius Brands International by 219.4% in the 2nd quarter. LPL Financial LLC now owns 37,850 shares of the company’s stock worth $29,000 after buying an additional 26,000 shares in the last quarter. Commonwealth Equity Services LLC raised its holdings in shares of Genius Brands International by 68.6% in the 3rd quarter. Commonwealth Equity Services LLC now owns 67,586 shares of the company’s stock worth $40,000 after buying an additional 27,500 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Genius Brands International by 16.7% in the 3rd quarter. Price T Rowe Associates Inc. MD now owns 337,400 shares of the company’s stock worth $203,000 after buying an additional 48,300 shares in the last quarter. Finally, Verition Fund Management LLC acquired a new position in shares of Genius Brands International in the 2nd quarter worth approximately $38,000. Institutional investors and hedge funds own 10.37% of the company’s stock.
About Genius Brands International
Genius Brands International, Inc is a content and brand management company, which engages in developing, producing, marketing, and licensing branded children’s entertainment properties and consumer products for media distribution and retail channels. The firm acts as a licensing agent for certain brands, such as Llama Llama, Psycho Bunny, From Frank, and Celessence Technologies.
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