Dolphin Entertainment (NASDAQ:DLPN) Trading Down 1.2% – Should You Sell?

Shares of Dolphin Entertainment, Inc. (NASDAQ:DLPN) were down 1.2% during mid-day trading on Tuesday . The stock traded as low as $1.60 and last traded at $1.61. Approximately 9,027 shares were traded during trading, a decline of 76% from the average daily volume of 37,319 shares. The stock had previously closed at $1.63.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Dolphin Entertainment in a research note on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Dolphin Entertainment Stock Performance

The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.89. The firm’s fifty day moving average is $1.61 and its 200 day moving average is $1.52. The company has a market cap of $18.91 million, a PE ratio of -3.00 and a beta of 2.56.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Dolphin Entertainment stock. Renaissance Technologies LLC boosted its position in shares of Dolphin Entertainment, Inc. (NASDAQ:DLPN) by 25.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,400 shares of the company’s stock after buying an additional 9,500 shares during the period. Renaissance Technologies LLC owned 0.39% of Dolphin Entertainment worth $74,000 at the end of the most recent quarter. 8.87% of the stock is owned by institutional investors.

Dolphin Entertainment Company Profile

Dolphin Entertainment, Inc, together with its subsidiaries, operates as an independent entertainment marketing and production company in the United States. The company operates in two segments, Entertainment Publicity, and Marketing and Content Production. The Entertainment Publicity and Marketing segment provides diversified marketing services, including public relations, entertainment and hospitality content marketing, strategic communications, strategic marketing consulting, social media and influencer marketing, digital marketing, creative branding, talent publicity, and entertainment marketing services, as well as produces promotional video content.