Tron (NASDAQ:TRON) Trading 7.4% Higher – Time to Buy?

Tron Inc. (NASDAQ:TRON) rose 7.4% during mid-day trading on Monday . The stock traded as high as $1.90 and last traded at $1.88. Approximately 89,752 shares changed hands during trading, a decline of 91% from the average daily volume of 1,001,993 shares. The stock had previously closed at $1.75.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of Tron in a research note on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Tron has a consensus rating of “Sell”.

Tron Stock Up 4.9%

The firm has a market capitalization of $870.49 million, a price-to-earnings ratio of -16.68 and a beta of 8.33. The stock’s 50 day moving average price is $2.16 and its two-hundred day moving average price is $1.79.

Tron (NASDAQ:TRON) last posted its quarterly earnings data on Friday, May 8th. The company reported $0.05 earnings per share for the quarter. Tron had a net margin of 112.96% and a negative return on equity of 7.27%. The firm had revenue of $1.18 million during the quarter.

Hedge Funds Weigh In On Tron

Several hedge funds have recently added to or reduced their stakes in the company. CTC Alternative Strategies Ltd. bought a new stake in shares of Tron during the 1st quarter valued at $27,000. State of Wyoming acquired a new stake in Tron during the first quarter worth approximately $78,000. Leonteq Securities AG acquired a new stake in shares of Tron in the first quarter valued at approximately $91,000. Virtu Financial LLC acquired a new stake in shares of Tron in the fourth quarter valued at approximately $52,000. Finally, Squarepoint Ops LLC acquired a new stake in shares of Tron in the fourth quarter valued at approximately $80,000. Institutional investors 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.