BlackRock Inc. Invests $5.32 Million in Tron Inc. $TRON

Key Points

• BlackRock acquired 3.3 million shares of Tron Inc. during the second quarter, worth approximately $5.32 million and representing about 0.70% of the company. Institutional investors collectively own 28.03% of the stock.
• Analyst sentiment remains negative: Tron has an average rating of “Sell”, with Weiss Ratings slightly raising its sell grade while Wall Street Zen downgraded the stock from “Hold” to “Sell.”
• TRON shares opened at $1.48, near the lower end of their 52-week range of $1.12 to $4.65. The company reported quarterly revenue of $1.57 million and earnings of $0.01 per share, alongside negative return on equity.

BlackRock Inc. acquired a new stake in Tron Inc. (NASDAQ:TRON - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 3,303,714 shares of the company's stock, valued at approximately $5,319,000. BlackRock Inc. owned about 0.70% of Tron at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. CTC Alternative Strategies Ltd. purchased a new stake in Tron in the first quarter worth $27,000. Virtu Financial LLC bought a new stake in shares of Tron in the fourth quarter valued at $52,000. State of Wyoming purchased a new position in shares of Tron during the 1st quarter valued at $78,000. Deutsche Bank AG purchased a new position in shares of Tron during the 2nd quarter valued at $79,000. Finally, Squarepoint Ops LLC bought a new position in shares of Tron during the 4th quarter worth $80,000. 28.03% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on TRON. Weiss Ratings raised Tron from a "sell (d-)" rating to a "sell (d)" rating in a report on Tuesday, August 11th. Wall Street Zen downgraded shares of Tron from a "hold" rating to a "sell" rating in a report on Saturday, August 15th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of "Sell".

Tron Stock Performance

Shares of NASDAQ TRON opened at $1.48 on Friday. The stock has a market cap of $702.09 million, a PE ratio of -13.45 and a beta of 8.56. Tron Inc. has a fifty-two week low of $1.12 and a fifty-two week high of $4.65. The stock has a fifty day moving average of $1.60 and a 200-day moving average of $1.80.

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

Tron 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.

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