Tootsie Roll Industries (NYSE:TR) Stock Price Crosses Below 200 Day Moving Average – What’s Next?

Tootsie Roll Industries, Inc. (NYSE:TR)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $39.01 and traded as low as $38.94. Tootsie Roll Industries shares last traded at $39.28, with a volume of 155,131 shares.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “hold (c+)” rating on shares of Tootsie Roll Industries in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Tootsie Roll Industries Trading Up 1.1%

The business has a 50 day moving average price of $37.44 and a 200-day moving average price of $39.01. The firm has a market capitalization of $2.87 billion, a PE ratio of 30.43 and a beta of 0.53.

Tootsie Roll Industries (NYSE:TR) last announced its quarterly earnings data on Friday, November 7th. The company reported $0.49 earnings per share for the quarter. Tootsie Roll Industries had a return on equity of 10.53% and a net margin of 12.99%.The firm had revenue of $232.71 million for the quarter.

Tootsie Roll Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 8th. Stockholders of record on Wednesday, December 24th were paid a dividend of $0.09 per share. The ex-dividend date of this dividend was Wednesday, December 24th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.9%. Tootsie Roll Industries’s dividend payout ratio is 27.91%.

Institutional Trading of Tootsie Roll Industries

A number of institutional investors have recently added to or reduced their stakes in the stock. Chevy Chase Trust Holdings LLC increased its stake in Tootsie Roll Industries by 3.0% in the second quarter. Chevy Chase Trust Holdings LLC now owns 10,684 shares of the company’s stock valued at $357,000 after purchasing an additional 310 shares during the last quarter. Bank of Montreal Can grew its holdings in Tootsie Roll Industries by 1.6% in the 2nd quarter. Bank of Montreal Can now owns 19,372 shares of the company’s stock valued at $648,000 after buying an additional 312 shares during the period. Parallel Advisors LLC increased its stake in shares of Tootsie Roll Industries by 9.7% during the 3rd quarter. Parallel Advisors LLC now owns 4,115 shares of the company’s stock valued at $173,000 after acquiring an additional 364 shares during the last quarter. Marble Harbor Investment Counsel LLC lifted its holdings in shares of Tootsie Roll Industries by 3.0% during the 2nd quarter. Marble Harbor Investment Counsel LLC now owns 13,558 shares of the company’s stock worth $454,000 after acquiring an additional 391 shares during the period. Finally, CWM LLC boosted its position in shares of Tootsie Roll Industries by 42.0% in the third quarter. CWM LLC now owns 1,394 shares of the company’s stock worth $58,000 after acquiring an additional 412 shares during the last quarter. Hedge funds and other institutional investors own 14.28% of the company’s stock.

Tootsie Roll Industries Company Profile

Tootsie Roll Industries, Inc is a U.S.-based confectionery company best known for producing Tootsie Rolls and Tootsie Pops. Headquartered in Chicago, the company manufactures a broad range of candy products, including fruit-flavored chews, gummies, mints and gum, under a portfolio of well-recognized brands. Its offerings are sold through mass-market retailers, convenience stores, specialty shops and vending channels.

The company traces its origins to 1896 when confectioner Leo Hirschfeld invented the Tootsie Roll in New York City.