Tron (NASDAQ:TRON) Trading Down 6.8% – Time to Sell?

Tron Inc. (NASDAQ:TRONGet Free Report) was down 6.8% during trading on Friday . The company traded as low as $1.52 and last traded at $1.51. 432,258 shares were traded during mid-day trading, a decline of 52% from the average session volume of 909,604 shares. The stock had previously closed at $1.62.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of Tron from a “sell (d-)” rating to a “sell (d)” rating in a research report on Tuesday. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

Check Out Our Latest Stock Report on Tron

Tron Stock Performance

The stock has a market cap of $732.92 million, a price-to-earnings ratio of -13.86 and a beta of 8.59. The company has a 50-day moving average of $1.56 and a 200-day moving average of $1.75.

Tron (NASDAQ:TRONGet Free Report) last posted its quarterly earnings data on Tuesday, August 11th. The company reported $0.01 earnings per share for the quarter. Tron had a negative return on equity of 5.72% and a net margin of 135.58%.The company had revenue of $1.57 million during the quarter.

Institutional Investors Weigh In On Tron

Hedge funds have recently modified their holdings of the stock. Virtu Financial LLC purchased a new position in Tron during the 4th quarter worth $52,000. Quadrature Capital Ltd acquired a new stake in shares of Tron in the 4th quarter worth $118,000. Engineers Gate Manager LP purchased a new stake in shares of Tron in the fourth quarter valued at about $84,000. Squarepoint Ops LLC purchased a new stake in shares of Tron in the fourth quarter valued at about $80,000. Finally, OMERS ADMINISTRATION Corp purchased a new stake in shares of Tron in the fourth quarter valued at about $143,000. 28.03% of the stock is owned by institutional investors and hedge funds.

About Tron

(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.

Recommended Stories

Receive News & Ratings for Tron Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tron and related companies with MarketBeat.com's FREE daily email newsletter.