Tron (NASDAQ:TRON) Trading Down 7.3% – Should You Sell?

Tron Inc. (NASDAQ:TRON)’s stock price was down 7.3% during trading on Tuesday . The company traded as low as $2.21 and last traded at $2.2260. Approximately 254,718 shares changed hands during trading, a decline of 77% from the average daily volume of 1,121,209 shares. The stock had previously closed at $2.40.

Wall Street Analyst Weigh In

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

Tron Price Performance

The stock has a fifty day moving average price of $1.62 and a 200-day moving average price of $1.94. The company has a market cap of $612.97 million, a PE ratio of -11.16 and a beta of 11.82.

Institutional Trading of Tron

Hedge funds have recently modified their holdings of the business. Engineers Gate Manager LP purchased a new stake in shares of Tron in the fourth quarter valued at $84,000. Quadrature Capital Ltd purchased a new stake in shares of Tron in the fourth quarter valued at $118,000. Millennium Management LLC purchased a new stake in shares of Tron in the fourth quarter valued at $164,000. LPL Financial LLC purchased a new stake in shares of Tron in the fourth quarter valued at $1,018,000. Finally, Geode Capital Management LLC purchased a new stake in shares of Tron in the fourth quarter valued at $487,000. Hedge funds and other institutional investors own 28.03% of the company’s stock.

About Tron

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.