SRM Entertainment, Inc. (NASDAQ:SRM - Get Free Report) CFO Douglas O. Mckinnon sold 122,000 shares of the business's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $7.39, for a total value of $901,580.00. Following the transaction, the chief financial officer directly owned 316,388 shares of the company's stock, valued at approximately $2,338,107.32. This represents a 27.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.
SRM Entertainment Stock Up 6.4%
Shares of SRM Entertainment stock traded up $0.48 on Friday, reaching $7.88. 2,562,368 shares of the company were exchanged, compared to its average volume of 4,157,469. SRM Entertainment, Inc. has a 1-year low of $0.26 and a 1-year high of $12.80. The company has a market cap of $135.77 million, a P/E ratio of -31.50 and a beta of 14.29. The company has a debt-to-equity ratio of 0.05, a current ratio of 5.24 and a quick ratio of 3.59. The stock's 50 day moving average price is $2.88 and its 200-day moving average price is $1.31.
SRM Entertainment (NASDAQ:SRM - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported ($0.04) EPS for the quarter. SRM Entertainment had a negative return on equity of 78.96% and a negative net margin of 74.56%. The company had revenue of $1.09 million for the quarter.
Wall Street Analyst Weigh In
Separately, Wall Street Zen raised SRM Entertainment to a "hold" rating in a research report on Saturday, June 21st.
Check Out Our Latest Report on SRM
Hedge Funds Weigh In On SRM Entertainment
An institutional investor recently bought a new position in SRM Entertainment stock. Anson Funds Management LP purchased a new stake in SRM Entertainment, Inc. (NASDAQ:SRM - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 683,102 shares of the company's stock, valued at approximately $430,000. Anson Funds Management LP owned approximately 6.56% of SRM Entertainment as of its most recent SEC filing. 1.58% of the stock is owned by institutional investors and hedge funds.
SRM Entertainment Company Profile
(
Get Free Report)
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.
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