Tron (NASDAQ:TRON) Shares Down 8.5% - Time to Sell?

Key Points

• Tron shares fell 8.5% in mid-day trading to approximately $1.405, with trading volume 64% below the stock’s average daily volume.
• Analyst sentiment is bearish: Wall Street Zen downgraded the stock to “sell,” Weiss Ratings maintained a sell-level assessment, and the consensus rating is “Sell.”
• Tron reported quarterly revenue of $1.57 million and earnings of $0.01 per share. The company focuses on acquiring and managing TRON (TRX) as a digital-asset treasury business, while institutional investors own 28.03% of its shares.

Tron Inc. (NASDAQ:TRON - Get Free Report) was down 8.5% during mid-day trading on Thursday. The company traded as low as $1.4150 and last traded at $1.4050. Approximately 347,130 shares were traded during mid-day trading, a decline of 64% from the average daily volume of 972,525 shares. The stock had previously closed at $1.5350.

Analyst Upgrades and Downgrades

TRON has been the topic of a number of analyst reports. Wall Street Zen lowered shares of Tron from a "hold" rating to a "sell" rating in a research report on Saturday, August 15th. Weiss Ratings upgraded shares of Tron from a "sell (d-)" rating to a "sell (d)" rating in a research report on Tuesday, August 11th. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the company presently has an average rating of "Sell".

Tron Stock Down 7.8%

The stock has a market capitalization of $671.25 million, a price-to-earnings ratio of -12.86 and a beta of 8.69. The business's 50 day simple moving average is $1.50 and its 200-day simple moving average is $1.68.

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. CTC Alternative Strategies Ltd. bought a new position in shares of Tron in the 1st quarter valued at $27,000. State of Wyoming acquired a new position in shares of Tron during the 1st quarter worth $78,000. Leonteq Securities AG bought a new stake in shares of Tron during the 1st quarter worth $91,000. Deutsche Bank AG bought a new stake in shares of Tron during the 2nd quarter worth $79,000. Finally, Bank of America Corp DE acquired a new stake in Tron in the second quarter valued at about $97,000. 28.03% of the stock is currently owned by institutional investors and hedge funds.

Tron Company Profile

Tron, Inc NASDAQ: TRON is a digital asset treasury company focused on acquiring, holding and managing TRON (TRX), the native cryptocurrency of the TRON blockchain. The company's strategy centers on providing public-market exposure to TRX while supporting activities related to the broader TRON ecosystem.

TRON is a blockchain platform designed to support decentralized applications, digital content distribution and cryptocurrency transactions. The network uses TRX for payments, governance and participation in its ecosystem, which includes developers, users and digital-content providers around the world.

Tron, Inc previously operated as SRM Entertainment, Inc, a company that developed and distributed consumer products and entertainment-related merchandise for theme parks and other venues.

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