SRM Entertainment (NASDAQ:SRM - Get Free Report) was upgraded by equities researchers at Wall Street Zen to a "hold" rating in a research report issued to clients and investors on Saturday.
SRM Entertainment Stock Performance
Shares of SRM Entertainment stock opened at $11.04 on Friday. The company has a market cap of $190.33 million, a PE ratio of -44.16 and a beta of 1.21. SRM Entertainment has a 52 week low of $0.26 and a 52 week high of $12.80. The business has a 50 day moving average price of $1.36 and a 200-day moving average price of $0.80. The company has a quick ratio of 3.59, a current ratio of 5.24 and a debt-to-equity ratio of 0.05.
SRM Entertainment (NASDAQ:SRM - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported ($0.04) earnings per share (EPS) for the quarter. The business had revenue of $1.09 million during the quarter. SRM Entertainment had a negative net margin of 74.56% and a negative return on equity of 78.96%.
Hedge Funds Weigh In On SRM Entertainment
A hedge fund recently bought a new stake in SRM Entertainment stock. Two Sigma Securities LLC acquired a new position in SRM Entertainment, Inc. (NASDAQ:SRM - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 41,187 shares of the company's stock, valued at approximately $26,000. Two Sigma Securities LLC owned approximately 0.40% of SRM Entertainment as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds 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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