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

Tron (NASDAQ:TRON) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Saturday.

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

Tron Price Performance

TRON stock opened at $1.52 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 simple moving average of $1.55 and a 200-day simple moving average of $1.75. The stock has a market capitalization of $721.06 million, a P/E ratio of -13.82 and a beta of 8.59.

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

Hedge Funds Weigh In On Tron

Hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. purchased a new position in Tron in the 2nd quarter worth approximately $5,319,000. LPL Financial LLC acquired a new position in shares of Tron during the 4th quarter worth approximately $1,018,000. Geode Capital Management LLC purchased a new stake in shares of Tron in the fourth quarter valued at approximately $487,000. Renaissance Technologies LLC purchased a new stake in shares of Tron in the fourth quarter valued at approximately $348,000. Finally, Marshall Wace LLP purchased a new stake in shares of Tron in the fourth quarter valued at approximately $218,000. 28.03% of the stock is owned by hedge funds and other 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.