Tron (NASDAQ:TRON) Sees Unusually-High Trading Volume – Here’s What Happened

Tron Inc. (NASDAQ:TRON) shares saw an uptick in trading volume on Monday . 906,509 shares changed hands during mid-day trading, a decline of 18% from the previous session’s volume of 1,110,784 shares.The stock last traded at $2.4360 and had previously closed at $2.17.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of Tron in a report on Friday. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

Tron Trading Up 6.0%

The stock’s 50 day moving average is $1.53 and its two-hundred day moving average is $1.98. The stock has a market capitalization of $631.07 million, a price-to-earnings ratio of -11.55 and a beta of 13.83.

Tron (NASDAQ:TRON) last released its quarterly earnings results on Wednesday, March 25th. The company reported ($0.21) earnings per share (EPS) for the quarter. The firm had revenue of $1.20 million during the quarter. Tron had a negative net margin of 354.61% and a negative return on equity of 26.14%.

Institutional Investors Weigh In On Tron

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. LPL Financial LLC bought a new stake in Tron in the 4th quarter valued at approximately $1,018,000. Geode Capital Management LLC acquired a new stake in shares of Tron in the fourth quarter valued at approximately $487,000. Renaissance Technologies LLC acquired a new stake in shares of Tron in the fourth quarter valued at approximately $348,000. Marshall Wace LLP bought a new stake in shares of Tron in the fourth quarter worth $218,000. Finally, Millennium Management LLC bought a new stake in shares of Tron in the fourth quarter worth $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.