Tron (NASDAQ:TRON) Stock Price Up 6.6% – Still a Buy?

Tron Inc. (NASDAQ:TRON) rose 6.6% on Friday . The company traded as high as $1.36 and last traded at $1.30. Approximately 450,508 shares changed hands during trading, a decline of 25% from the average daily volume of 601,857 shares. The stock had previously closed at $1.22.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated 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.com, the company has an average rating of “Sell”.

Tron Stock Performance

The company has a fifty day simple moving average of $1.50 and a 200 day simple moving average of $2.85. The stock has a market capitalization of $356.69 million, a price-to-earnings ratio of -32.49 and a beta of 13.83.

Institutional Investors Weigh In On Tron

Several large investors have recently modified their holdings of TRON. Geode Capital Management LLC bought a new stake in Tron during the fourth quarter valued at $487,000. Goldman Sachs Group Inc. acquired a new position in Tron in the fourth quarter valued at approximately $116,000. LPL Financial LLC bought a new position in shares of Tron during the 4th quarter worth approximately $1,018,000. Renaissance Technologies LLC acquired a new stake in shares of Tron during the 4th quarter worth approximately $348,000. Finally, State Street Corp bought a new stake in shares of Tron in the 4th quarter valued at $90,000. 28.03% of the stock is currently owned by institutional investors and hedge funds.

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.