Tron (NASDAQ:TRON) Trading Down 8% – Here’s What Happened

Tron Inc. (NASDAQ:TRONGet Free Report) dropped 8% during trading on Monday . The company traded as low as $1.45 and last traded at $1.4450. 296,316 shares were traded during mid-day trading, a decline of 71% from the average session volume of 1,021,570 shares. The stock had previously closed at $1.57.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of Tron from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, June 16th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

Check Out Our Latest Research Report on TRON

Tron Trading Down 2.9%

The stock has a 50-day moving average of $1.97 and a two-hundred day moving average of $1.77. The firm has a market cap of $723.43 million, a price-to-earnings ratio of -13.86 and a beta of 8.33.

Tron (NASDAQ:TRONGet Free Report) last posted its quarterly earnings data on Friday, May 8th. The company reported $0.05 earnings per share (EPS) for the quarter. Tron had a negative return on equity of 7.27% and a net margin of 112.96%.The firm had revenue of $1.18 million for the quarter.

Hedge Funds Weigh In On Tron

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. CTC Alternative Strategies Ltd. purchased a new position in Tron during the 1st quarter worth approximately $27,000. State of Wyoming purchased a new stake in shares of Tron in the first quarter valued at $78,000. Leonteq Securities AG acquired a new stake in shares of Tron in the first quarter worth $91,000. Virtu Financial LLC acquired a new stake in shares of Tron in the fourth quarter worth $52,000. Finally, Squarepoint Ops LLC purchased a new position in shares of Tron during the fourth quarter valued at $80,000. Institutional investors and hedge funds own 28.03% of the company’s stock.

Tron Company Profile

(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.

Further Reading

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