Tron (NASDAQ:TRON) Shares Down 4.7% – Here’s Why

Tron Inc. (NASDAQ:TRONGet Free Report) shares traded down 4.7% during mid-day trading on Thursday . The company traded as low as $1.99 and last traded at $2.01. 352,069 shares changed hands during mid-day trading, a decline of 93% from the average session volume of 5,014,435 shares. The stock had previously closed at $2.11.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of Tron in a research note on Monday. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Tron currently has a consensus rating of “Sell”.

Read Our Latest Report on TRON

Tron Price Performance

The company’s fifty day moving average price is $2.48 and its 200 day moving average price is $4.29. The company has a market cap of $509.08 million, a PE ratio of -49.49 and a beta of 13.56.

Tron Company Profile

(Get Free Report)

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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