Wall Street Zen upgraded shares of SRM Entertainment (NASDAQ:SRM - Free Report) to a hold rating in a research report sent to investors on Saturday.
SRM Entertainment Price Performance
Shares of NASDAQ:SRM traded down $1.53 during midday trading on Friday, reaching $7.90. 11,097,977 shares of the company's stock were exchanged, compared to its average volume of 4,010,312. The company has a debt-to-equity ratio of 0.05, a quick ratio of 3.59 and a current ratio of 5.24. The company's 50 day simple moving average is $1.54 and its two-hundred day simple moving average is $0.86. SRM Entertainment has a 12 month low of $0.26 and a 12 month high of $12.80. The firm has a market capitalization of $136.20 million, a PE ratio of -31.60 and a beta of 1.19.
SRM Entertainment (NASDAQ:SRM - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported ($0.04) earnings per share for the quarter. SRM Entertainment had a negative net margin of 74.56% and a negative return on equity of 78.96%. The company had revenue of $1.09 million during the quarter.
Hedge Funds Weigh In On SRM Entertainment
An institutional investor recently bought a new position in SRM Entertainment stock. Two Sigma Securities LLC bought a new stake in SRM Entertainment, Inc. (NASDAQ:SRM - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 41,187 shares of the company's stock, valued at approximately $26,000. Two Sigma Securities LLC owned 0.40% of SRM Entertainment as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 1.58% of the company's stock.
About SRM Entertainment
(
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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