Treasury Wine Estates (OTCMKTS:TSRYY) Shares Gap Up - Should You Buy?

Key Points

• Treasury Wine Estates shares gapped up to $4.14 from a previous close of $3.99, with a trading volume of 49,525 shares.
• UBS Group downgraded the company's rating from "strong-buy" to "hold", contributing to a consensus rating of "Hold" among analysts.
• The company just announced a dividend yield of 426.0%, increasing from the previous dividend of $0.04, although its payout ratio is currently -141.03%.

Treasury Wine Estates Ltd. (OTCMKTS:TSRYY - Get Free Report) shares gapped up prior to trading on Friday . The stock had previously closed at $3.99, but opened at $4.14. Treasury Wine Estates shares last traded at $4.14, with a volume of 49,525 shares traded.

Wall Street Analyst Weigh In

Separately, UBS Group downgraded Treasury Wine Estates from a "strong-buy" rating to a "hold" rating in a research note on Monday. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, Treasury Wine Estates presently has a consensus rating of "Hold".

Treasury Wine Estates Stock Up 2.3%

The business has a 50-day moving average price of $4.87 and a 200-day moving average price of $5.19. The company has a market capitalization of $3.31 billion and a price-to-earnings ratio of -26.15.

Treasury Wine Estates Increases Dividend

The business also recently announced a dividend, which was paid on Tuesday, October 14th. Stockholders of record on Friday, August 29th were given a dividend of $0.0393 per share. This represents a dividend yield of 426.0%. This is a boost from Treasury Wine Estates's previous dividend of $0.04. The ex-dividend date of this dividend was Thursday, August 28th. Treasury Wine Estates's payout ratio is presently -141.03%.

Treasury Wine Estates Company Profile

Treasury Wine Estates Limited operates as a wine company primarily in Australia, New Zealand, Asia, Europe, the United Kingdom, the Middle East, Africa, and the Americas. The company engages in the viticulture and winemaking; and marketing, sale, and distribution of wine. Its wine portfolio includes luxury, premium and commercial wine brands, such as 19 Crimes, Acacia Vineyard, Annie's Lane, Beaulieu Vineyard, Belcreme de Lys, Beringer Vineyards, Blossom Hill, Cavaliere d'Oro, Coldstream Hills, Devil's Lair, EMBRAZEN, Etude, Fifth Leg, Heemskerk, Hewitt Vineyard, Ingoldby, Jamieson's Run, Killawarra, Leo Buring, Lindeman's, Maison de Grand Esprit, Matua, Penfolds, Pepperjack, Rawson's Retreat, Rosemount Estate, Run Riot, Saltram, Samuel Wynn & Co, Secret Stone, Seppelt, Shingle Peak, Sledgehammer, Squealing pig, St Huberts, Stags' Leap Winery, Stellina di Notte, Sterling Vineyards, T'Gallant, The Walking Dead Wine, Wolf Blass, Wynns Coonawarra Estate, and Yellowglen.

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