Tron (NASDAQ:TRON) Releases Quarterly Earnings Results

Tron (NASDAQ:TRON) announced its quarterly earnings results on Friday. The company reported $0.05 earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of $1.18 million during the quarter. Tron had a negative net margin of 354.61% and a negative return on equity of 26.14%.

Tron Price Performance

Shares of Tron stock traded down $0.07 during trading on Friday, hitting $2.23. The company’s stock had a trading volume of 1,061,601 shares, compared to its average volume of 1,072,613. Tron has a 52 week low of $0.40 and a 52 week high of $12.80. The stock has a market cap of $611.87 million, a price-to-earnings ratio of -11.15 and a beta of 8.77. The stock has a 50-day moving average price of $2.04 and a two-hundred day moving average price of $1.85.

Institutional Trading of Tron

Several institutional investors have recently modified their holdings of TRON. Geode Capital Management LLC bought a new stake in shares of Tron in the fourth quarter worth $487,000. Goldman Sachs Group Inc. bought a new stake in shares of Tron in the fourth quarter worth $116,000. LPL Financial LLC bought a new stake in shares of Tron in the fourth quarter worth $1,018,000. Renaissance Technologies LLC bought a new stake in shares of Tron in the fourth quarter worth $348,000. Finally, State Street Corp bought a new stake in shares of Tron in the fourth quarter worth $90,000. Institutional investors own 28.03% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of Tron in a report on Friday, March 27th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Sell”.

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.