Tootsie Roll Industries (NYSE:TR) Shares Down 4.8% – Should You Sell?

Tootsie Roll Industries, Inc. (NYSE:TRGet Free Report) shares fell 4.8% during trading on Tuesday . The company traded as low as $37.74 and last traded at $38.15. 19,579 shares traded hands during mid-day trading, a decline of 85% from the average session volume of 126,568 shares. The stock had previously closed at $40.06.

Tootsie Roll Industries Stock Performance

The stock has a 50-day moving average price of $42.12 and a two-hundred day moving average price of $39.97. The stock has a market capitalization of $2.81 billion, a PE ratio of 27.91 and a beta of 0.45.

Tootsie Roll Industries (NYSE:TRGet Free Report) last released its earnings results on Friday, May 8th. The company reported $0.24 earnings per share (EPS) for the quarter. Tootsie Roll Industries had a net margin of 13.70% and a return on equity of 10.77%. The company had revenue of $151.54 million during the quarter.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC lifted its holdings in shares of Tootsie Roll Industries by 48.1% in the first quarter. EverSource Wealth Advisors LLC now owns 958 shares of the company’s stock worth $41,000 after buying an additional 311 shares in the last quarter. State of Wyoming bought a new stake in Tootsie Roll Industries in the 4th quarter valued at $58,000. Sound Income Strategies LLC increased its holdings in Tootsie Roll Industries by 1,931.9% in the 1st quarter. Sound Income Strategies LLC now owns 1,402 shares of the company’s stock valued at $60,000 after acquiring an additional 1,333 shares during the last quarter. iSAM Funds UK Ltd purchased a new stake in Tootsie Roll Industries in the 3rd quarter worth $136,000. Finally, Strs Ohio bought a new position in shares of Tootsie Roll Industries during the 3rd quarter valued at about $143,000. Hedge funds and other institutional investors own 14.28% of the company’s stock.

About Tootsie Roll Industries

(Get Free Report)

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.

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