Tron (NASDAQ:TRON) Trading Down 1.3% – Should You Sell?

Tron Inc. (NASDAQ:TRON) was down 1.3% during mid-day trading on Wednesday . The stock traded as low as $1.46 and last traded at $1.48. Approximately 471,745 shares traded hands during mid-day trading, a decline of 1% from the average daily volume of 478,249 shares. The stock had previously closed at $1.50.

Analyst Ratings Changes

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

Tron Stock Down 1.3%

The business has a 50-day moving average price of $1.42 and a 200-day moving average price of $2.16. The firm has a market capitalization of $406.08 million, a P/E ratio of -36.99 and a beta of 13.84.

Hedge Funds Weigh In On Tron

A number of hedge funds have recently made changes to their positions in the business. LPL Financial LLC bought a new position in shares of Tron during the 4th quarter worth about $1,018,000. Geode Capital Management LLC bought a new stake in Tron in the fourth quarter valued at about $487,000. Renaissance Technologies LLC acquired a new position in Tron in the fourth quarter worth about $348,000. Marshall Wace LLP bought a new position in Tron during the fourth quarter worth about $218,000. Finally, Millennium Management LLC acquired a new stake in Tron during the fourth quarter valued at approximately $164,000. Institutional investors and hedge funds own 28.03% of the company’s stock.

About Tron

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.