Tron (NASDAQ:TRON) Trading Down 6.2% – Time to Sell?

Shares of Tron Inc. (NASDAQ:TRON) fell 6.2% on Wednesday . The company traded as low as $2.10 and last traded at $2.13. 181,585 shares were traded during trading, a decline of 84% from the average session volume of 1,116,500 shares. The stock had previously closed at $2.27.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of Tron in a report on Friday, March 27th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Tron has a consensus rating of “Sell”.

Tron Price Performance

The stock has a market capitalization of $644.79 million, a price-to-earnings ratio of -11.75 and a beta of 11.82. The stock has a 50 day moving average price of $1.58 and a 200-day moving average price of $1.96.

Institutional Trading of Tron

A number of hedge funds and other institutional investors have recently made changes to their positions in TRON. Virtu Financial LLC purchased a new position in Tron during the 4th quarter valued at about $52,000. Quadrature Capital Ltd acquired a new position in Tron in the fourth quarter valued at $118,000. Millennium Management LLC acquired a new position in Tron during the fourth quarter worth approximately $164,000. Engineers Gate Manager LP acquired a new stake in shares of Tron in the fourth quarter valued at approximately $84,000. Finally, ExodusPoint Capital Management LP purchased a new position in shares of Tron during the fourth quarter worth approximately $155,000. Institutional investors and hedge funds own 28.03% of the company’s stock.

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.