Dolphin Entertainment Stock to Reverse Split on Wednesday, October 16th (NASDAQ:DLPN)

Dolphin Entertainment, Inc. (NASDAQ:DLPN)’s stock is set to reverse split on the morning of Wednesday, October 16th. The 1-2 reverse split was announced on Monday, October 14th. The number of shares owned by shareholders will be adjusted after the market closes on Tuesday, October 15th.

Dolphin Entertainment Stock Performance

Shares of DLPN traded up $0.06 during trading hours on Monday, hitting $0.69. The company had a trading volume of 182,160 shares, compared to its average volume of 65,896. The business has a fifty day moving average of $0.69 and a 200-day moving average of $0.93. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.57. The firm has a market cap of $13.06 million, a price-to-earnings ratio of -0.43 and a beta of 1.94. Dolphin Entertainment has a 12 month low of $0.51 and a 12 month high of $1.99.

Dolphin Entertainment (NASDAQ:DLPN) last released its quarterly earnings results on Wednesday, August 14th. The company reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.09) by $0.01. Dolphin Entertainment had a negative net margin of 31.53% and a negative return on equity of 73.80%. The firm had revenue of $11.45 million for the quarter.

About Dolphin Entertainment

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.