Tron (NASDAQ:TRON) Stock Price Down 3.9% – Here’s What Happened

Tron Inc. (NASDAQ:TRONGet Free Report)’s stock price was down 3.9% during mid-day trading on Thursday . The stock traded as low as $1.67 and last traded at $1.71. Approximately 222,112 shares were traded during trading, a decline of 78% from the average daily volume of 990,671 shares. The stock had previously closed at $1.78.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of Tron in a report on Friday, March 27th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell”.

Read Our Latest Stock Report on Tron

Tron Stock Up 1.5%

The firm has a market cap of $856.73 million, a P/E ratio of -16.14 and a beta of 8.31. The stock’s 50-day simple moving average is $2.14 and its 200 day simple moving average is $1.79.

Tron (NASDAQ:TRONGet Free Report) last issued its quarterly earnings results on Friday, May 8th. The company reported $0.05 EPS for the quarter. The business had revenue of $1.18 million for the quarter. Tron had a net margin of 112.96% and a negative return on equity of 7.27%.

Institutional Trading of Tron

A number of institutional investors have recently bought and sold shares of the company. CTC Alternative Strategies Ltd. bought a new stake in Tron during the first quarter valued at $27,000. State of Wyoming bought a new stake in Tron during the first quarter valued at $78,000. Leonteq Securities AG bought a new stake in Tron during the first quarter valued at $91,000. Virtu Financial LLC bought a new position in shares of Tron during the 4th quarter worth about $52,000. Finally, Squarepoint Ops LLC bought a new position in shares of Tron during the 4th quarter worth about $80,000. Institutional investors own 28.03% of the company’s stock.

Tron Company Profile

(Get Free Report)

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.

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