Tron (NASDAQ:TRON) Posts Earnings Results

Tron (NASDAQ:TRON) announced its quarterly earnings results on Tuesday. The company reported $0.01 earnings per share for the quarter, FiscalAI reports. Tron had a negative return on equity of 5.72% and a net margin of 135.58%.The company had revenue of $1.57 million during the quarter.

Tron Price Performance

Shares of NASDAQ TRON traded up $0.04 on Thursday, hitting $1.61. The company’s stock had a trading volume of 210,759 shares, compared to its average volume of 912,024. The stock has a 50 day moving average of $1.56 and a 200-day moving average of $1.75. The company has a market capitalization of $766.12 million, a price-to-earnings ratio of -14.64 and a beta of 8.59. Tron has a 12-month low of $1.12 and a 12-month high of $7.11.

Analyst Ratings Changes

Separately, Weiss Ratings raised Tron from a “sell (d-)” rating to a “sell (d)” rating in a research note on Tuesday. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Tron presently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Tron

Large investors have recently modified their holdings of the company. Geode Capital Management LLC acquired a new position in shares of Tron during the fourth quarter worth $487,000. Goldman Sachs Group Inc. acquired a new stake in Tron during the 4th quarter valued at approximately $116,000. LPL Financial LLC purchased a new stake in Tron during the 4th quarter worth approximately $1,018,000. Renaissance Technologies LLC acquired a new position in shares of Tron in the 4th quarter worth approximately $348,000. Finally, State Street Corp acquired a new stake in shares of Tron during the fourth quarter worth $90,000. 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.