Tron (NASDAQ:TRON) Shares Gap Down – What’s Next?

Tron Inc. (NASDAQ:TRON)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $1.72, but opened at $1.65. Tron shares last traded at $1.8750, with a volume of 1,349,826 shares.

Wall Street Analyst Weigh In

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

Tron Stock Performance

The firm has a 50 day moving average of $1.43 and a two-hundred day moving average of $2.07. The stock has a market cap of $517.21 million, a P/E ratio of -46.86 and a beta of 13.83.

Institutional Trading of Tron

A number of hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC acquired a new stake in Tron in the 4th quarter worth $487,000. Goldman Sachs Group Inc. bought a new stake in shares of Tron in the fourth quarter valued at about $116,000. LPL Financial LLC acquired a new stake in Tron during the fourth quarter worth about $1,018,000. Renaissance Technologies LLC acquired a new stake in Tron during the fourth quarter worth about $348,000. Finally, State Street Corp bought a new position in Tron during the fourth quarter valued at about $90,000. 28.03% of the stock is owned by 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.