Tron (NASDAQ:TRON – Get Free Report) issued its quarterly earnings results on Tuesday. The company reported $0.01 earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of $1.57 million during the quarter. Tron had a negative return on equity of 7.27% and a net margin of 112.96%.
Tron Stock Down 3.9%
NASDAQ TRON opened at $1.46 on Wednesday. The firm has a market cap of $692.59 million, a PE ratio of -13.27 and a beta of 8.59. Tron has a 52 week low of $1.12 and a 52 week high of $8.09. The company has a 50 day moving average price of $1.57 and a 200 day moving average price of $1.75.
Wall Street Analyst Weigh In
Separately, Weiss Ratings raised shares of Tron from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, June 16th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.
Institutional Investors Weigh In On Tron
Several institutional investors have recently added to or reduced their stakes in the business. Virtu Financial LLC purchased a new stake in shares of Tron during the fourth quarter valued at $52,000. Quadrature Capital Ltd acquired a new stake in Tron during the 4th quarter worth about $118,000. Engineers Gate Manager LP acquired a new stake in Tron during the 4th quarter worth about $84,000. Squarepoint Ops LLC acquired a new position in shares of Tron in the fourth quarter valued at about $80,000. Finally, OMERS ADMINISTRATION Corp purchased a new position in shares of Tron in the fourth quarter worth about $143,000. 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.
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