Tron (NASDAQ:TRON) Trading Up 7.4% – What’s Next?

Tron Inc. (NASDAQ:TRON) shot up 7.4% on Thursday . The stock traded as high as $2.25 and last traded at $2.2670. 1,029,506 shares were traded during trading, a decline of 9% from the average session volume of 1,133,431 shares. The stock had previously closed at $2.11.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of Tron in a report on Friday, March 27th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

Tron Stock Up 9.7%

The stock has a fifty day moving average of $1.57 and a 200-day moving average of $1.96. The firm has a market capitalization of $635.19 million, a P/E ratio of -11.48 and a beta of 11.77.

Hedge Funds Weigh In On Tron

A number of large investors have recently modified their holdings of TRON. Geode Capital Management LLC bought a new position in shares of Tron in the 4th quarter valued at about $487,000. Goldman Sachs Group Inc. acquired a new position in Tron in the fourth quarter valued at approximately $116,000. LPL Financial LLC acquired a new position in Tron in the fourth quarter valued at approximately $1,018,000. Renaissance Technologies LLC bought a new position in Tron in the fourth quarter valued at approximately $348,000. Finally, State Street Corp bought a new position in Tron in the fourth quarter valued at approximately $90,000. 28.03% of the stock is currently owned by institutional investors and hedge funds.

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.