Tron (NASDAQ:TRON) Shares Down 5.6% - Should You Sell?

Key Points

• Tron (NASDAQ:TRON) shares fell by 5.6%, trading as low as $4.90 during the day, with significant trading volume down 49% compared to its average.
• Wall Street analysts have upgraded the rating of Tron to "hold", while the company reported a negative net margin of 30.45% and a revenue of $1.34 million for the latest quarter.
• Insiders sold a total of 322,000 shares of Tron stock recently, indicating possible diminishing confidence, with CFO and CEO each reducing their positions by over 14%.

Tron Inc. (NASDAQ:TRON - Get Free Report) shares dropped 5.6% during mid-day trading on Monday . The company traded as low as $4.90 and last traded at $4.93. Approximately 1,541,842 shares traded hands during mid-day trading, a decline of 49% from the average daily volume of 3,048,167 shares. The stock had previously closed at $5.22.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded Tron to a "hold" rating in a report on Saturday, June 21st.

Tron Stock Down 5.6%

The firm has a fifty day moving average price of $7.79 and a two-hundred day moving average price of $3.10. The stock has a market capitalization of $165.01 million, a P/E ratio of -25.95 and a beta of 14.20.

Tron (NASDAQ:TRON - Get Free Report) last issued its quarterly earnings results on Friday, August 8th. The company reported $0.01 earnings per share for the quarter. Tron had a negative return on equity of 4.12% and a negative net margin of 30.45%.The firm had revenue of $1.34 million during the quarter.

Insiders Place Their Bets

In other Tron news, CFO Douglas O. Mckinnon sold 122,000 shares of the business's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $7.39, for a total value of $901,580.00. Following the completion of the transaction, the chief financial officer owned 316,388 shares of the company's stock, valued at approximately $2,338,107.32. The trade was a 27.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Richard A. Miller sold 100,000 shares of the business's stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $11.19, for a total value of $1,119,000.00. Following the completion of the transaction, the chief executive officer directly owned 600,000 shares of the company's stock, valued at approximately $6,714,000. This trade represents a 14.29% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 322,000 shares of company stock valued at $2,961,580. 14.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Tron

A hedge fund recently bought a new stake in Tron stock. Two Sigma Securities LLC bought a new position in Tron Inc. (NASDAQ:TRON - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 41,187 shares of the company's stock, valued at approximately $26,000. Two Sigma Securities LLC owned about 0.40% of Tron as of its most recent filing with the SEC. 28.03% of the stock is owned by hedge funds and other institutional investors.

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.

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