Tron (NASDAQ:TRON) Shares Gap Down - Here's Why

Key Points

• Shares gapped down — Tron opened Friday at $2.10 after a $2.20 close and last traded around $2.129 with about 535,524 shares changing hands.
• Analyst consensus is Sell — Weiss Ratings reaffirmed a "sell (d+)" and MarketBeat shows the stock's consensus rating is Sell.
• Poor fundamentals: Tron reported ($0.21) EPS for the quarter with a negative net margin of 354.61% and negative ROE, generating just $1.2 million in revenue; the stock carries a beta of 13.84 and a market cap of about $585.5 million.

Shares of Tron Inc. (NASDAQ:TRON - Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $2.20, but opened at $2.10. Tron shares last traded at $2.1290, with a volume of 535,524 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Tron in a research note on Monday, December 29th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Sell".

Tron Stock Performance

The company's 50-day moving average is $1.52 and its 200-day moving average is $2.00. The firm has a market cap of $585.53 million, a price-to-earnings ratio of -10.70 and a beta of 13.84.

Tron (NASDAQ:TRON - Get Free Report) last posted its quarterly earnings data on Wednesday, March 25th. The company reported ($0.21) earnings per share for the quarter. Tron had a negative net margin of 354.61% and a negative return on equity of 31.18%. The company had revenue of $1.20 million during the quarter.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Virtu Financial LLC acquired a new stake in shares of Tron in the 4th quarter valued at $52,000. Squarepoint Ops LLC acquired a new position in shares of Tron during the fourth quarter valued at $80,000. Engineers Gate Manager LP acquired a new position in shares of Tron during the fourth quarter valued at $84,000. State Street Corp bought a new position in Tron in the fourth quarter valued at about $90,000. Finally, Goldman Sachs Group Inc. bought a new position in Tron in the fourth quarter valued at about $116,000. Institutional investors and hedge funds 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.

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