Tron Inc. (NASDAQ:TRON – Get Free Report)’s stock price fell 3.9% during mid-day trading on Thursday . The company traded as low as $1.67 and last traded at $1.71. 222,112 shares changed hands during trading, a decline of 78% from the average session volume of 990,671 shares. The stock had previously closed at $1.78.
Wall Street Analyst Weigh In
Separately, Weiss Ratings restated a “sell (d+)” rating on shares of Tron in a report on Friday, March 27th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell”.
Get Our Latest Stock Report on Tron
Tron Price Performance
Tron (NASDAQ:TRON – Get Free Report) last announced its quarterly earnings data on Friday, May 8th. The company reported $0.05 EPS for the quarter. The business had revenue of $1.18 million during the quarter. Tron had a net margin of 112.96% and a negative return on equity of 7.27%.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of TRON. 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 position in shares of Tron during the fourth quarter worth $116,000. LPL Financial LLC acquired a new position in shares of Tron during the fourth quarter worth $1,018,000. Renaissance Technologies LLC acquired a new position in shares of Tron during the fourth quarter worth $348,000. Finally, State Street Corp acquired a new position in shares of Tron during the fourth quarter worth $90,000. 28.03% of the stock is currently 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.
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