Tron Inc. (NASDAQ:TRON - Get Free Report)'s stock price was down 1% on Tuesday . The stock traded as low as $2.97 and last traded at $2.98. Approximately 1,680,860 shares changed hands during mid-day trading, a decline of 46% from the average daily volume of 3,125,079 shares. The stock had previously closed at $3.01.
Analyst Ratings Changes
Separately, Wall Street Zen raised shares of Tron to a "hold" rating in a report on Saturday, June 21st.
Check Out Our Latest Report on TRON
Tron Stock Performance
The stock has a market cap of $99.74 million, a PE ratio of -15.68 and a beta of 14.09. The company has a 50 day moving average of $6.38 and a two-hundred day moving average of $3.44.
Tron (NASDAQ:TRON - Get Free Report) last issued its quarterly earnings results on Friday, August 8th. The company reported $0.01 earnings per share (EPS) for the quarter. The company had revenue of $1.34 million for the quarter. Tron had a negative return on equity of 4.12% and a negative net margin of 30.45%.
Insider Buying and Selling
In other Tron news, CEO Richard A. Miller sold 100,000 shares of the company's stock in a transaction on Friday, June 20th. The shares were sold at an average price of $11.19, for a total transaction of $1,119,000.00. Following the completion of the transaction, the chief executive officer directly owned 600,000 shares in the company, valued at approximately $6,714,000. This represents a 14.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Deborah Lynn Mcdaniel-Hand sold 100,000 shares of the stock in a transaction on Monday, June 23rd. The shares were sold at an average price of $9.41, for a total transaction of $941,000.00. Following the transaction, the vice president directly owned 100,000 shares in the company, valued at approximately $941,000. The trade was a 50.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 322,000 shares of company stock valued at $2,961,580. 14.80% of the stock is owned by corporate insiders.
About Tron
(
Get Free Report)
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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