Tron (NASDAQ:TRON) Sees Strong Trading Volume – What’s Next?

Shares of Tron Inc. (NASDAQ:TRON) saw unusually-high trading volume on Monday . Approximately 906,509 shares changed hands during trading, a decline of 18% from the previous session’s volume of 1,110,784 shares.The stock last traded at $2.4360 and had previously closed at $2.17.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of Tron in a report on Friday. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Tron has a consensus rating of “Sell”.

Tron Price Performance

The company has a 50-day moving average of $1.56 and a 200 day moving average of $1.96. The company has a market cap of $609.12 million, a PE ratio of -11.10 and a beta of 13.84.

Tron (NASDAQ:TRON) last released its earnings results on Wednesday, March 25th. The company reported ($0.21) earnings per share for the quarter. The company had revenue of $1.20 million for the quarter. Tron had a negative net margin of 354.61% and a negative return on equity of 26.14%.

Hedge Funds Weigh In On Tron

Several institutional investors have recently made changes to their positions in the company. LPL Financial LLC bought a new position in Tron in the fourth quarter worth approximately $1,018,000. Geode Capital Management LLC purchased a new position in shares of Tron in the 4th quarter valued at $487,000. Renaissance Technologies LLC bought a new position in shares of Tron in the 4th quarter worth $348,000. Marshall Wace LLP purchased a new stake in shares of Tron during the 4th quarter worth $218,000. Finally, Millennium Management LLC purchased a new position in Tron in the fourth quarter valued at about $164,000. Hedge funds and other institutional investors 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.