Tron (NASDAQ:TRON) Announces Earnings Results

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

Tron Trading Up 6.0%

Shares of TRON traded up $0.15 during midday trading on Wednesday, reaching $2.63. The stock had a trading volume of 4,153,124 shares, compared to its average volume of 1,070,251. The company has a market capitalization of $721.62 million, a price-to-earnings ratio of -65.73 and a beta of 13.84. The company’s 50-day moving average is $1.48 and its 200 day moving average is $2.00. Tron has a 12-month low of $0.26 and a 12-month high of $12.80.

Institutional Trading of Tron

Several hedge funds and other institutional investors have recently bought and sold shares of TRON. LPL Financial LLC purchased a new stake in Tron during the 4th quarter valued at $1,018,000. Geode Capital Management LLC purchased a new position in shares of Tron in the fourth quarter valued at about $487,000. Renaissance Technologies LLC bought a new position in shares of Tron during the fourth quarter valued at about $348,000. Marshall Wace LLP bought a new position in shares of Tron during the fourth quarter valued at about $218,000. Finally, Millennium Management LLC purchased a new stake in shares of Tron during the fourth quarter worth about $164,000. Hedge funds and other institutional investors own 28.03% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued 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, According to MarketBeat, Tron currently has an average rating of “Sell”.

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.