Tron Inc. (NASDAQ:TRON – Get Free Report) shares were up 12.3% during mid-day trading on Tuesday . The company traded as high as $2.16 and last traded at $2.1450. Approximately 1,197,361 shares changed hands during mid-day trading, an increase of 16% from the average daily volume of 1,033,474 shares. The stock had previously closed at $1.91.
Analysts Set New Price Targets
Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of Tron in a report on Friday, March 27th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.
Check Out Our Latest Report on TRON
Tron Stock Down 3.8%
Tron (NASDAQ:TRON – Get Free Report) last released its earnings results on Friday, May 8th. The company reported $0.05 EPS for the quarter. Tron had a net margin of 112.96% and a negative return on equity of 7.27%. The company had revenue of $1.18 million for the quarter.
Institutional Investors Weigh In On Tron
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. LPL Financial LLC bought a new stake in Tron during the 4th quarter worth approximately $1,018,000. Geode Capital Management LLC bought a new stake in Tron during the 4th quarter worth approximately $487,000. Renaissance Technologies LLC bought a new stake in Tron during the 4th quarter worth approximately $348,000. Marshall Wace LLP bought a new stake in Tron during the 4th quarter worth approximately $218,000. Finally, Millennium Management LLC bought a new stake in Tron during the 4th quarter worth approximately $164,000. Institutional investors 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.
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