Tootsie Roll Industries (NYSE:TR) Share Price Passes Below 200 Day Moving Average of $34.52

Tootsie Roll Industries, Inc. (NYSE:TRGet Rating)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $34.52 and traded as low as $32.28. Tootsie Roll Industries shares last traded at $32.34, with a volume of 161,071 shares changing hands.

Separately, StockNews.com initiated coverage on shares of Tootsie Roll Industries in a research note on Thursday, March 31st. They issued a “hold” rating for the company.

The firm has a market cap of $2.24 billion, a price-to-earnings ratio of 33.81 and a beta of 0.01. The business’s 50-day moving average is $33.66 and its 200-day moving average is $34.52.

Tootsie Roll Industries (NYSE:TRGet Rating) last issued its quarterly earnings data on Tuesday, April 26th. The company reported $0.17 EPS for the quarter. Tootsie Roll Industries had a net margin of 11.03% and a return on equity of 8.74%. The firm had revenue of $139.29 million for the quarter.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 7th. Stockholders of record on Tuesday, June 21st will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.11%. The ex-dividend date of this dividend is Friday, June 17th. Tootsie Roll Industries’s dividend payout ratio (DPR) is presently 37.64%.

Hedge funds and other institutional investors have recently modified their holdings of the company. Panagora Asset Management Inc. bought a new position in Tootsie Roll Industries during the 4th quarter worth approximately $400,000. Bank of Montreal Can boosted its stake in Tootsie Roll Industries by 11.7% during the 4th quarter. Bank of Montreal Can now owns 21,488 shares of the company’s stock worth $784,000 after acquiring an additional 2,253 shares during the last quarter. Louisiana State Employees Retirement System bought a new position in Tootsie Roll Industries during the 4th quarter worth approximately $304,000. Squarepoint Ops LLC boosted its stake in Tootsie Roll Industries by 219.9% during the 3rd quarter. Squarepoint Ops LLC now owns 31,868 shares of the company’s stock worth $970,000 after acquiring an additional 21,905 shares during the last quarter. Finally, O Shares Investment Advisers LLC boosted its stake in Tootsie Roll Industries by 2.3% during the 4th quarter. O Shares Investment Advisers LLC now owns 13,827 shares of the company’s stock worth $501,000 after acquiring an additional 314 shares during the last quarter. 17.29% of the stock is currently owned by institutional investors.

About Tootsie Roll Industries (NYSE:TR)

Tootsie Roll Industries, Inc, together with its subsidiaries, engages in manufacture and sale of confectionery products in the United States, Canada, Mexico, and internationally. It sells its products under the Tootsie Roll, Tootsie Pops, Child's Play, Caramel Apple Pops, Charms, Blow-Pop, Charms Mini Pops, Cella's, Dots, Junior Mints, Charleston Chew, Sugar Daddy, Sugar Babies, Andes, Fluffy Stuff, Dubble Bubble, Razzles, Cry Baby, NIK-L-NIP, and Tutsi Pop trademarks.

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