Tron Inc. (NASDAQ:TRON – Get Free Report)’s stock price traded up 11.6% during mid-day trading on Friday . The company traded as high as $1.5050 and last traded at $1.5180. 505,337 shares were traded during trading, a decline of 48% from the average daily volume of 971,466 shares. The stock had previously closed at $1.36.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings upgraded Tron from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, June 16th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Tron has an average rating of “Sell”.
Check Out Our Latest Analysis on TRON
Tron Stock Performance
Tron (NASDAQ:TRON – Get Free Report) last issued its earnings results on Friday, May 8th. The company reported $0.05 earnings per share (EPS) for the quarter. The business had revenue of $1.18 million during the quarter. Tron had a negative return on equity of 7.27% and a net margin of 112.96%.
Institutional Investors Weigh In On Tron
Several large investors have recently made changes to their positions in the business. CTC Alternative Strategies Ltd. purchased a new position in shares of Tron in the 1st quarter valued at $27,000. Virtu Financial LLC purchased a new position in Tron in the fourth quarter valued at about $52,000. State of Wyoming acquired a new position in shares of Tron during the first quarter worth about $78,000. Squarepoint Ops LLC acquired a new position in shares of Tron during the fourth quarter worth about $80,000. Finally, Engineers Gate Manager LP purchased a new stake in shares of Tron in the fourth quarter worth about $84,000. Institutional investors and hedge funds 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.
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