Tron (NASDAQ:TRON) Posts Earnings Results

Tron (NASDAQ:TRON) issued its quarterly earnings data on Tuesday. The company reported $0.01 earnings per share (EPS) for the quarter, FiscalAI reports. Tron had a negative return on equity of 7.27% and a net margin of 112.96%.The business had revenue of $1.57 million for the quarter.

Tron Stock Down 3.9%

Shares of TRON stock traded down $0.06 on Tuesday, reaching $1.46. The company’s stock had a trading volume of 402,100 shares, compared to its average volume of 916,057. The company has a market capitalization of $692.59 million, a P/E ratio of -13.27 and a beta of 8.59. Tron has a 12-month low of $1.12 and a 12-month high of $8.09. The stock’s 50 day simple moving average is $1.58 and its 200-day simple moving average is $1.75.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised Tron from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, June 16th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Tron presently has an average rating of “Sell”.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Geode Capital Management LLC purchased a new position in shares of Tron in the 4th quarter worth about $487,000. Goldman Sachs Group Inc. purchased a new position in shares of Tron during the fourth quarter worth approximately $116,000. LPL Financial LLC bought a new stake in shares of Tron in the 4th quarter worth approximately $1,018,000. Renaissance Technologies LLC bought a new stake in shares of Tron in the 4th quarter worth approximately $348,000. Finally, State Street Corp purchased a new stake in shares of Tron in the 4th quarter valued at $90,000. Hedge funds and other 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.