Tron Inc. (NASDAQ:TRON – Get Free Report)’s share price traded up 8.1% during trading on Thursday . The stock traded as high as $1.67 and last traded at $1.6750. 446,566 shares were traded during trading, a decline of 55% from the average session volume of 994,166 shares. The stock had previously closed at $1.55.
Analysts Set New Price Targets
A number of research firms have recently weighed in on TRON. Wall Street Zen downgraded shares of Tron from a “hold” rating to a “sell” rating in a research report on Saturday, August 15th. Weiss Ratings raised shares of Tron from a “sell (d-)” rating to a “sell (d)” rating in a research note on Tuesday, August 11th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.
Get Our Latest Analysis on Tron
Tron Price Performance
Tron (NASDAQ:TRON – Get Free Report) last released its earnings results on Tuesday, August 11th. The company reported $0.01 EPS for the quarter. Tron had a negative return on equity of 5.60% and a net margin of 135.58%.The firm had revenue of $1.57 million for the quarter.
Institutional Trading of Tron
Institutional investors and hedge funds have recently bought and sold shares of the company. Millennium Management LLC bought a new position in shares of Tron in the fourth quarter worth approximately $164,000. ExodusPoint Capital Management LP bought a new stake in shares of Tron during the fourth quarter valued at approximately $155,000. Goldman Sachs Group Inc. purchased a new position in Tron in the 4th quarter worth approximately $116,000. State Street Corp bought a new position in Tron in the 4th quarter valued at approximately $90,000. Finally, Engineers Gate Manager LP bought a new position in Tron in the 4th quarter valued at approximately $84,000. 28.03% of the stock is currently owned by 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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