Tron (NASDAQ:TRON) Announces Earnings Results

Tron (NASDAQ:TRON) issued its earnings results on Wednesday. The company reported ($0.21) earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of $1.20 million during the quarter. Tron had a negative return on equity of 4.65% and a net margin of 269.52%.

Tron Trading Up 6.0%

Shares of TRON opened at $2.63 on Thursday. The stock’s 50-day moving average price is $1.50 and its two-hundred day moving average price is $2.00. Tron has a 12 month low of $0.26 and a 12 month high of $12.80. The company has a market capitalization of $721.62 million, a PE ratio of -65.73 and a beta of 13.84.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of Tron in a report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Tron

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Virtu Financial LLC bought a new position in shares of Tron during the 4th quarter worth approximately $52,000. Squarepoint Ops LLC acquired a new position in shares of Tron during the 4th quarter valued at $80,000. Engineers Gate Manager LP acquired a new position in shares of Tron during the 4th quarter valued at $84,000. State Street Corp bought a new position in Tron during the fourth quarter worth $90,000. Finally, Goldman Sachs Group Inc. acquired a new stake in Tron in the fourth quarter worth $116,000. 28.03% of the stock is owned by institutional investors and hedge funds.

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.