Cheer (NASDAQ:CHR) Shares Down 0.4%

Cheer Holding, Inc. (NASDAQ:CHR)’s stock price traded down 0.4% during trading on Wednesday . The company traded as low as $2.51 and last traded at $2.52. 789 shares traded hands during mid-day trading, a decline of 95% from the average session volume of 15,088 shares. The stock had previously closed at $2.53.

Cheer Stock Up 2.4 %

The business’s 50 day simple moving average is $2.70 and its two-hundred day simple moving average is $2.73. The company has a debt-to-equity ratio of 0.01, a quick ratio of 6.64 and a current ratio of 6.64.

Institutional Investors Weigh In On Cheer

An institutional investor recently raised its position in Cheer stock. Shah Capital Management lifted its stake in Cheer Holding, Inc. (NASDAQ:CHR) by 0.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,265,558 shares of the company’s stock after purchasing an additional 8,867 shares during the period. Cheer accounts for approximately 0.9% of Shah Capital Management’s holdings, making the stock its 12th largest position. Shah Capital Management owned about 12.57% of Cheer worth $3,164,000 as of its most recent SEC filing. 18.54% of the stock is currently owned by institutional investors.

About Cheer

Cheer Holding, Inc, through its subsidiaries, provides advertisement and content production services in the People's Republic of China. It operates through Cheers APP Internet Business and Traditional Media Businesses segments. The company also engages in mobile and online advertising, and media and entertainment businesses.