Tron (NASDAQ:TRON) Trading 6.9% Higher – Here’s What Happened

Tron Inc. (NASDAQ:TRON)’s share price traded up 6.9% during trading on Friday . The stock traded as high as $2.17 and last traded at $2.3090. 98,219 shares traded hands during trading, a decline of 91% from the average session volume of 1,101,021 shares. The stock had previously closed at $2.16.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of Tron in a report on Friday, March 27th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

Tron Trading Up 15.0%

The firm has a market capitalization of $681.83 million, a PE ratio of -12.43 and a beta of 11.82. The firm’s fifty day moving average price is $1.68 and its 200 day moving average price is $1.94.

Institutional Investors Weigh In On Tron

A number of large investors have recently bought and sold shares of the business. LPL Financial LLC bought a new stake in Tron in the fourth quarter worth $1,018,000. Geode Capital Management LLC bought a new stake in Tron in the fourth quarter worth $487,000. Renaissance Technologies LLC bought a new stake in Tron in the fourth quarter worth $348,000. Marshall Wace LLP bought a new stake in Tron in the fourth quarter worth $218,000. Finally, Millennium Management LLC bought a new stake in Tron in the fourth quarter worth $164,000. 28.03% of the stock is currently owned by 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.