Tron (NASDAQ:TRON) Shares Up 6.9% – What’s Next?

Shares of Tron Inc. (NASDAQ:TRON) shot up 6.9% during mid-day trading on Monday . The stock traded as high as $2.07 and last traded at $2.0530. 112,913 shares were traded during trading, a decline of 89% from the average session volume of 1,058,133 shares. The stock had previously closed at $1.92.

Wall Street Analyst Weigh In

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

Tron Stock Performance

The stock has a market capitalization of $561.11 million, a PE ratio of -10.23 and a beta of 8.80. The stock’s 50 day moving average is $1.97 and its two-hundred day moving average is $1.87.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Leonteq Securities AG purchased a new position in Tron in the 1st quarter valued at about $91,000. Virtu Financial LLC purchased a new position in Tron in the 4th quarter valued at about $52,000. Squarepoint Ops LLC purchased a new position in Tron in the 4th quarter valued at about $80,000. Engineers Gate Manager LP purchased a new position in Tron in the 4th quarter worth approximately $84,000. Finally, State Street Corp purchased a new position in Tron in the 4th quarter worth approximately $90,000. 28.03% of the stock is owned by hedge funds and other institutional investors.

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.