Tron (NASDAQ:TRON) Cut to “Sell” at Wall Street Zen

Wall Street Zen downgraded shares of Tron (NASDAQ:TRON) from a hold rating to a sell rating in a research note issued to investors on Saturday.

Separately, Weiss Ratings upgraded shares of Tron from a “sell (d-)” rating to a “sell (d)” rating in a report on Tuesday, August 11th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Tron Stock Performance

Tron stock opened at $1.50 on Friday. Tron has a 52-week low of $1.12 and a 52-week high of $7.11. The firm has a 50 day moving average price of $1.54 and a two-hundred day moving average price of $1.75. The firm has a market cap of $711.57 million, a price-to-earnings ratio of -13.64 and a beta of 8.59.

Tron (NASDAQ:TRON) last posted its quarterly earnings data on Tuesday, August 11th. The company reported $0.01 EPS for the quarter. Tron had a net margin of 135.58% and a negative return on equity of 5.60%. The company had revenue of $1.57 million for the quarter.

Hedge Funds Weigh In On Tron

A number of institutional investors and hedge funds have recently modified their holdings of the business. CTC Alternative Strategies Ltd. acquired a new stake in shares of Tron during the 1st quarter worth approximately $27,000. Virtu Financial LLC bought a new stake in shares of Tron in the 4th quarter valued at $52,000. State of Wyoming acquired a new position in shares of Tron during the 1st quarter valued at $78,000. Deutsche Bank AG acquired a new position in shares of Tron during the 2nd quarter valued at $79,000. Finally, Squarepoint Ops LLC bought a new position in Tron during the fourth quarter worth $80,000. 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.