Tron Inc. (NASDAQ:TRON – Get Free Report)’s share price dropped 6.8% during mid-day trading on Friday . The company traded as low as $1.52 and last traded at $1.51. Approximately 432,258 shares were traded during trading, a decline of 52% from the average session volume of 909,604 shares. The stock had previously closed at $1.62.
Analyst Ratings Changes
Separately, Weiss Ratings upgraded shares of Tron from a “sell (d-)” rating to a “sell (d)” rating in a research note on Tuesday. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.
View Our Latest Stock Report on TRON
Tron Stock Performance
Tron (NASDAQ:TRON – Get Free Report) last posted its earnings results on Tuesday, August 11th. The company reported $0.01 EPS for the quarter. The firm had revenue of $1.57 million for the quarter. Tron had a negative return on equity of 5.72% and a net margin of 135.58%.
Institutional Investors Weigh In On Tron
Hedge funds and other institutional investors have recently made changes to their positions in the business. CTC Alternative Strategies Ltd. purchased a new stake in Tron during the first quarter worth approximately $27,000. State of Wyoming purchased a new position in Tron in the first quarter valued at approximately $78,000. Leonteq Securities AG purchased a new position in Tron in the first quarter valued at approximately $91,000. Virtu Financial LLC acquired a new stake in Tron during the fourth quarter worth approximately $52,000. Finally, Deutsche Bank AG purchased a new stake in shares of Tron during the 2nd quarter worth approximately $79,000. 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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