Tron (NASDAQ:TRON) Trading Up 12.3% – Here’s Why

Tron Inc. (NASDAQ:TRON) shares traded up 12.3% on Tuesday . The stock traded as high as $2.16 and last traded at $2.1450. 1,197,361 shares changed hands during trading, an increase of 16% from the average session volume of 1,033,474 shares. The stock had previously closed at $1.91.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated 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, Tron currently has a consensus rating of “Sell”.

Tron Price Performance

The firm has a 50-day simple moving average of $2.18 and a 200-day simple moving average of $1.80. The firm has a market capitalization of $1.03 billion, a PE ratio of -19.82 and a beta of 8.77.

Tron (NASDAQ:TRON) last released its quarterly earnings results on Friday, May 8th. The company reported $0.05 EPS 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.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in TRON. CTC Alternative Strategies Ltd. bought a new position in Tron in the first quarter worth approximately $27,000. Virtu Financial LLC bought a new stake in shares of Tron during the 4th quarter valued at $52,000. State of Wyoming purchased a new stake in shares of Tron in the 1st quarter worth $78,000. Squarepoint Ops LLC bought a new position in Tron in the 4th quarter worth $80,000. Finally, Engineers Gate Manager LP bought a new position in Tron in the 4th quarter worth $84,000. 28.03% of the stock is currently owned by institutional investors.

Tron Company Profile

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.