Tootsie Roll Industries (NYSE:TR) Stock Price Passes Below Two Hundred Day Moving Average of $38.10

Tootsie Roll Industries, Inc. (NYSE:TR) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $38.10 and traded as low as $30.39. Tootsie Roll Industries shares last traded at $30.47, with a volume of 74,836 shares traded.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on TR. TheStreet downgraded shares of Tootsie Roll Industries from a “b” rating to a “c+” rating in a research note on Monday, May 22nd. StockNews.com initiated coverage on shares of Tootsie Roll Industries in a research note on Thursday, August 17th. They issued a “hold” rating for the company.

Tootsie Roll Industries Price Performance

The stock has a market capitalization of $2.11 billion, a price-to-earnings ratio of 26.47 and a beta of 0.12. The firm’s fifty day moving average is $33.03 and its 200-day moving average is $38.00.

Tootsie Roll Industries (NYSE:TR) last issued its earnings results on Tuesday, July 25th. The company reported $0.21 earnings per share for the quarter. The company had revenue of $158.84 million for the quarter. Tootsie Roll Industries had a net margin of 11.14% and a return on equity of 10.19%.

Institutional Trading of Tootsie Roll Industries

Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. raised its stake in Tootsie Roll Industries by 3.1% during the 1st quarter. BlackRock Inc. now owns 3,116,923 shares of the company’s stock valued at $108,967,000 after acquiring an additional 94,964 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Tootsie Roll Industries by 0.4% during the third quarter. Vanguard Group Inc. now owns 1,842,055 shares of the company’s stock valued at $61,303,000 after purchasing an additional 7,945 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Tootsie Roll Industries by 8.2% in the first quarter. Dimensional Fund Advisors LP now owns 885,596 shares of the company’s stock worth $39,771,000 after purchasing an additional 67,258 shares during the period. State Street Corp lifted its holdings in Tootsie Roll Industries by 5.0% in the first quarter. State Street Corp now owns 635,886 shares of the company’s stock worth $28,558,000 after purchasing an additional 30,109 shares during the period. Finally, Renaissance Technologies LLC grew its position in Tootsie Roll Industries by 17.6% in the 2nd quarter. Renaissance Technologies LLC now owns 473,343 shares of the company’s stock valued at $16,761,000 after buying an additional 70,768 shares in the last quarter. 16.10% of the stock is currently owned by institutional investors.

Tootsie Roll Industries Company Profile

Tootsie Roll Industries, Inc, together with its subsidiaries, engages in the 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.