Chicken Soup for the Soul Entertainment (NASDAQ:CSSE) Shares Down 14.7%

Chicken Soup for the Soul Entertainment, Inc. (NASDAQ:CSSE) dropped 14.7% during mid-day trading on Tuesday . The stock traded as low as $0.29 and last traded at $0.29. Approximately 1,374,788 shares changed hands during mid-day trading, a decline of 60% from the average daily volume of 3,478,808 shares. The stock had previously closed at $0.34.

Chicken Soup for the Soul Entertainment Stock Performance

The firm’s 50 day simple moving average is $0.19 and its 200 day simple moving average is $0.23. The firm has a market capitalization of $9.48 million, a price-to-earnings ratio of -0.01 and a beta of 0.95.

Chicken Soup for the Soul Entertainment (NASDAQ:CSSE) last announced its quarterly earnings results on Friday, April 19th. The company reported ($2.71) earnings per share for the quarter. The business had revenue of $39.17 million during the quarter.

Hedge Funds Weigh In On Chicken Soup for the Soul Entertainment

A hedge fund recently bought a new stake in Chicken Soup for the Soul Entertainment stock. Fortitude Family Office LLC purchased a new position in Chicken Soup for the Soul Entertainment, Inc. (NASDAQ:CSSE) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 132,744 shares of the company’s stock, valued at approximately $29,000. Fortitude Family Office LLC owned about 0.41% of Chicken Soup for the Soul Entertainment at the end of the most recent reporting period. Institutional investors own 7.39% of the company’s stock.

Chicken Soup for the Soul Entertainment Company Profile

Chicken Soup for the Soul Entertainment, Inc operates as a streaming video-on-demand (VOD) company in the United States and internationally. It owns and operates various ad-supported and subscription-based VOD networks, including Crackle, Chicken Soup for the Soul, Popcornflix, Popcornflix Kids, Truli, Pivotshare, Popcornflix Comedy, Españolflix, and FrightPix.