Tron (NASDAQ:TRON) Shares Down 8.6% – Time to Sell?

Tron Inc. (NASDAQ:TRON)’s stock price dropped 8.6% during trading on Tuesday . The stock traded as low as $2.03 and last traded at $1.9920. Approximately 298,602 shares traded hands during mid-day trading, a decline of 72% from the average daily volume of 1,063,412 shares. The stock had previously closed at $2.18.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated 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 data from MarketBeat, Tron presently has an average rating of “Sell”.

Tron Trading Up 4.3%

The firm has a market cap of $600.89 million, a PE ratio of -19.91 and a beta of 8.77. The stock has a 50 day simple moving average of $2.11 and a 200-day simple moving average of $1.83.

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

Institutional Investors Weigh In On Tron

A number of institutional investors have recently bought and sold shares of the business. State of Wyoming purchased a new stake in Tron in the 1st quarter worth $78,000. Leonteq Securities AG bought a new position in shares of Tron during the 1st quarter valued at about $91,000. Virtu Financial LLC bought a new position in shares of Tron during the 4th quarter valued at about $52,000. Quadrature Capital Ltd bought a new position in shares of Tron during the 4th quarter valued at about $118,000. Finally, Millennium Management LLC bought a new position in shares of Tron during the 4th quarter valued at about $164,000. Hedge funds and other institutional investors own 28.03% of the company’s stock.

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.