Tron (NASDAQ:TRON) Stock Price Up 8.2% – Time to Buy?

Tron Inc. (NASDAQ:TRON)’s stock price traded up 8.2% during mid-day trading on Monday . The stock traded as high as $1.58 and last traded at $1.58. Approximately 43,912 shares changed hands during trading, a decline of 95% from the average session volume of 953,266 shares. The stock had previously closed at $1.46.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded Tron from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, June 16th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Tron presently has a consensus rating of “Sell”.

Tron Trading Up 8.2%

The company has a market capitalization of $749.52 million, a PE ratio of -14.32 and a beta of 8.48. The stock has a fifty day moving average of $1.68 and a two-hundred day moving average of $1.76.

Tron (NASDAQ:TRON) last issued its earnings results on Friday, May 8th. The company reported $0.05 earnings per share (EPS) for the quarter. The business had revenue of $1.18 million during the quarter. Tron had a negative return on equity of 7.27% and a net margin of 112.96%.

Institutional Investors Weigh In On Tron

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