Tron Inc. (NASDAQ:TRON – Get Free Report)’s share price shot up 11.6% during trading on Friday . The company traded as high as $1.5050 and last traded at $1.5180. Approximately 505,337 shares traded hands during mid-day trading, a decline of 48% from the average daily volume of 971,466 shares. The stock had previously closed at $1.36.
Analysts Set New Price Targets
Separately, Weiss Ratings upgraded shares of Tron from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, June 16th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.
View Our Latest Stock Analysis on Tron
Tron Trading Up 11.4%
Tron (NASDAQ:TRON – Get Free Report) last posted its quarterly earnings results on Friday, May 8th. The company reported $0.05 earnings per share (EPS) for the quarter. The firm had revenue of $1.18 million for the quarter. Tron had a net margin of 112.96% and a negative return on equity of 7.27%.
Institutional Trading of Tron
A number of institutional investors and hedge funds have recently modified their holdings of TRON. LPL Financial LLC acquired a new stake in Tron during the fourth quarter worth about $1,018,000. Geode Capital Management LLC bought a new position in Tron in the 4th quarter worth about $487,000. Renaissance Technologies LLC bought a new position in Tron in the 4th quarter worth about $348,000. Marshall Wace LLP acquired a new stake in shares of Tron in the fourth quarter valued at approximately $218,000. Finally, Millennium Management LLC acquired a new stake in shares of Tron in the fourth quarter valued at approximately $164,000. 28.03% of the stock is owned by institutional investors and hedge funds.
Tron Company Profile
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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