Tron (NASDAQ:TRON) Shares Gap Down – Here’s What Happened

Tron Inc. (NASDAQ:TRONGet Free Report)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $2.20, but opened at $2.10. Tron shares last traded at $2.1290, with a volume of 535,524 shares traded.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Tron in a research note on Monday, December 29th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Tron has an average rating of “Sell”.

Read Our Latest Report on TRON

Tron Stock Performance

The firm’s 50-day simple moving average is $1.52 and its 200 day simple moving average is $2.00. The company has a market cap of $585.53 million, a P/E ratio of -10.70 and a beta of 13.84.

Tron (NASDAQ:TRONGet Free Report) last posted its quarterly earnings results on Wednesday, March 25th. The company reported ($0.21) earnings per share (EPS) for the quarter. Tron had a negative return on equity of 31.18% and a negative net margin of 354.61%.The company had revenue of $1.20 million during the quarter.

Hedge Funds Weigh In On Tron

Several institutional investors have recently modified their holdings of TRON. Virtu Financial LLC bought a new stake in shares of Tron in the 4th quarter valued at about $52,000. Squarepoint Ops LLC bought a new position in Tron during the 4th quarter worth approximately $80,000. Engineers Gate Manager LP bought a new position in Tron during the 4th quarter worth approximately $84,000. State Street Corp acquired a new position in Tron during the fourth quarter valued at approximately $90,000. Finally, Goldman Sachs Group Inc. acquired a new position in Tron during the fourth quarter valued at approximately $116,000. 28.03% of the stock is currently owned by institutional investors and hedge funds.

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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