Tron (NASDAQ:TRON) Shares Up 7.4% – Still a Buy?

by · The Markets Daily

Tron Inc. (NASDAQ:TRON – Get Free Report) shares shot up 7.4% during trading on Monday . The company traded as high as $1.90 and last traded at $1.88. 89,752 shares traded hands during trading, a decline of 91% from the average session volume of 1,001,993 shares. The stock had previously closed at $1.75.

Analyst Upgrades and Downgrades

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

Get Our Latest Analysis on TRON

Tron Stock Down 4.8%

The stock has a market cap of $844.40 million, a PE ratio of -16.18 and a beta of 8.31. The company has a fifty day moving average price of $2.15 and a 200 day moving average price of $1.79.

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

Institutional Trading of Tron

Several large investors have recently modified their holdings of the business. LPL Financial LLC bought a new stake in shares of Tron in the fourth quarter worth about $1,018,000. Geode Capital Management LLC bought a new stake in shares of Tron in the fourth quarter worth about $487,000. Renaissance Technologies LLC bought a new stake in shares of Tron in the fourth quarter worth about $348,000. Marshall Wace LLP bought a new stake in shares of Tron in the fourth quarter worth about $218,000. Finally, Millennium Management LLC bought a new stake in shares of Tron in the fourth quarter worth about $164,000. 28.03% of the stock is owned by institutional investors.

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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