Tron (NASDAQ:TRON) Trading Down 1.3% – Here’s Why

Tron Inc. (NASDAQ:TRONGet Free Report) shares traded down 1.3% on Wednesday . The stock traded as low as $1.46 and last traded at $1.48. 471,745 shares were traded during mid-day trading, a decline of 1% from the average session volume of 478,249 shares. The stock had previously closed at $1.50.

Wall Street Analysts Forecast Growth

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

Check Out Our Latest Stock Report on TRON

Tron Price Performance

The firm has a market capitalization of $406.08 million, a P/E ratio of -36.99 and a beta of 13.84. The business has a 50 day moving average price of $1.42 and a 200 day moving average price of $2.16.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Virtu Financial LLC bought a new stake in shares of Tron in the fourth quarter valued at approximately $52,000. Squarepoint Ops LLC bought a new position in Tron during the fourth quarter worth $80,000. Engineers Gate Manager LP bought a new position in Tron during the fourth quarter worth $84,000. State Street Corp acquired a new position in Tron during the 4th quarter valued at $90,000. Finally, Goldman Sachs Group Inc. acquired a new position in Tron during the 4th quarter valued at $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.

See Also

Receive News & Ratings for Tron Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tron and related companies with MarketBeat.com's FREE daily email newsletter.