Tootsie Roll Industries (NYSE:TR - Get Free Report) was downgraded by equities researchers at StockNews.com from a "buy" rating to a "hold" rating in a research report issued on Friday.
Tootsie Roll Industries Price Performance
NYSE TR traded down $0.11 during trading hours on Friday, hitting $34.08. The company's stock had a trading volume of 103,653 shares, compared to its average volume of 169,772. Tootsie Roll Industries has a 12 month low of $26.78 and a 12 month high of $34.63. The company's 50 day simple moving average is $31.83 and its two-hundred day simple moving average is $31.76. The company has a market cap of $2.49 billion, a P/E ratio of 27.93 and a beta of 0.39.
Tootsie Roll Industries (NYSE:TR - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The company reported $0.25 EPS for the quarter. Tootsie Roll Industries had a return on equity of 10.23% and a net margin of 12.14%. The company had revenue of $146.52 million during the quarter.
Institutional Investors Weigh In On Tootsie Roll Industries
A number of large investors have recently made changes to their positions in TR. Byrne Asset Management LLC bought a new stake in shares of Tootsie Roll Industries during the 4th quarter valued at about $27,000. Deutsche Bank AG bought a new stake in shares of Tootsie Roll Industries during the 4th quarter valued at about $52,000. Evermay Wealth Management LLC bought a new stake in shares of Tootsie Roll Industries during the 1st quarter valued at about $58,000. Quantbot Technologies LP grew its stake in shares of Tootsie Roll Industries by 105.5% during the 1st quarter. Quantbot Technologies LP now owns 2,207 shares of the company's stock valued at $69,000 after purchasing an additional 1,133 shares during the period. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of Tootsie Roll Industries during the 4th quarter valued at about $82,000. 14.28% of the stock is currently owned by institutional investors.
About Tootsie Roll Industries
(
Get Free Report)
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 Fruit Rolls, Frooties, Tootsie Pops, Tootsie Mini 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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