Tron (NASDAQ:TRON) Issues Earnings Results

Tron (NASDAQ:TRON) posted its quarterly earnings data on Friday. The company reported $0.05 earnings per share for the quarter, FiscalAI reports. The company had revenue of $1.18 million during the quarter. Tron had a negative net margin of 354.61% and a negative return on equity of 26.14%.

Tron Stock Performance

Shares of Tron stock opened at $2.23 on Friday. The firm has a market cap of $611.87 million, a PE ratio of -20.27 and a beta of 8.77. The firm’s 50-day simple moving average is $2.04 and its 200-day simple moving average is $1.85. Tron has a 1 year low of $0.40 and a 1 year high of $12.80.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of Tron in a research note on Friday, March 27th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.

Institutional Investors Weigh In On Tron

A number of institutional investors have recently modified their holdings of the stock. LPL Financial LLC acquired a new stake in shares of Tron in the 4th quarter valued at about $1,018,000. Geode Capital Management LLC acquired a new stake in Tron during the fourth quarter worth about $487,000. Renaissance Technologies LLC acquired a new stake in Tron during the fourth quarter worth about $348,000. Marshall Wace LLP acquired a new stake in Tron during the fourth quarter worth about $218,000. Finally, Millennium Management LLC acquired a new stake in Tron during the fourth quarter worth about $164,000. Institutional investors and hedge funds 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.