Tron (NASDAQ:TRON) Sees Strong Trading Volume – Should You Buy?

Shares of Tron Inc. (NASDAQ:TRON) saw strong trading volume on Tuesday . 1,754,014 shares changed hands during trading, an increase of 90% from the previous session’s volume of 920,853 shares.The stock last traded at $2.5250 and had previously closed at $2.27.

Analyst Ratings Changes

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

Tron Price Performance

The company has a market cap of $679.09 million, a P/E ratio of -61.98 and a beta of 13.83. The business’s 50 day moving average price is $1.47 and its 200-day moving average price is $2.00.

Hedge Funds Weigh In On Tron

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Virtu Financial LLC acquired a new stake in shares of Tron in the fourth quarter valued at $52,000. Squarepoint Ops LLC acquired a new position in Tron during the 4th quarter worth about $80,000. Engineers Gate Manager LP acquired a new position in Tron during the 4th quarter worth about $84,000. State Street Corp bought a new stake in Tron during the 4th quarter worth about $90,000. Finally, Goldman Sachs Group Inc. bought a new stake in Tron during the 4th quarter worth about $116,000. 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.