Shares of Tron Inc. (NASDAQ:TRON – Get Free Report) traded up 4.9% on Wednesday . The company traded as high as $2.20 and last traded at $2.2140. Approximately 425,852 shares changed hands during trading, a decline of 56% from the average session volume of 969,548 shares. The stock had previously closed at $2.11.
Analyst Upgrades and Downgrades
Several research analysts recently weighed in on the company. Weiss Ratings raised Tron from a “sell (d-)” rating to a “sell (d)” rating in a research report on Tuesday, August 11th. Wall Street Zen lowered Tron from a “hold” rating to a “sell” rating in a research report on Saturday, August 15th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.
Tron Stock Down 0.5%
Tron (NASDAQ:TRON – Get Free Report) last released its earnings results on Tuesday, August 11th. The company reported $0.01 earnings per share (EPS) for the quarter. The company had revenue of $1.57 million during the quarter. Tron had a net margin of 135.58% and a negative return on equity of 5.60%.
Institutional Trading of Tron
Several hedge funds and other institutional investors have recently modified their holdings of TRON. BlackRock Inc. acquired a new stake in Tron during the second quarter valued at $5,319,000. LPL Financial LLC acquired a new position in Tron in the 4th quarter worth about $1,018,000. Geode Capital Management LLC acquired a new position in Tron in the 4th quarter worth about $487,000. Renaissance Technologies LLC purchased a new stake in shares of Tron during the 4th quarter worth about $348,000. Finally, Marshall Wace LLP purchased a new stake in shares of Tron during the 4th quarter worth about $218,000. 28.03% of the stock is currently owned by hedge funds and other institutional investors.
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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