Tootsie Roll Industries, Inc. (NYSE:TR – Get Free Report) shares passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $39.89 and traded as low as $38.46. Tootsie Roll Industries shares last traded at $39.0210, with a volume of 193,855 shares trading hands.
Tootsie Roll Industries Trading Up 0.7%
The company has a market capitalization of $2.93 billion, a price-to-earnings ratio of 29.18 and a beta of 0.41. The company has a 50 day moving average price of $41.03 and a 200 day moving average price of $39.89.
Tootsie Roll Industries (NYSE:TR – Get Free Report) last issued its quarterly earnings results on Friday, May 8th. The company reported $0.24 earnings per share (EPS) for the quarter. The business had revenue of $151.54 million for the quarter. Tootsie Roll Industries had a return on equity of 10.77% and a net margin of 13.70%.
Tootsie Roll Industries Announces Dividend
Institutional Investors Weigh In On Tootsie Roll Industries
Several institutional investors have recently modified their holdings of the business. Strs Ohio lifted its holdings in Tootsie Roll Industries by 3.0% in the first quarter. Strs Ohio now owns 8,961 shares of the company’s stock valued at $383,000 after buying an additional 261 shares during the period. EverSource Wealth Advisors LLC raised its position in shares of Tootsie Roll Industries by 48.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 958 shares of the company’s stock valued at $41,000 after acquiring an additional 311 shares during the last quarter. Parallel Advisors LLC raised its position in shares of Tootsie Roll Industries by 9.7% during the 3rd quarter. Parallel Advisors LLC now owns 4,115 shares of the company’s stock valued at $173,000 after acquiring an additional 364 shares during the last quarter. California State Teachers Retirement System lifted its stake in shares of Tootsie Roll Industries by 2.2% in the 1st quarter. California State Teachers Retirement System now owns 17,485 shares of the company’s stock valued at $747,000 after purchasing an additional 375 shares during the period. Finally, Corient Private Wealth LLC lifted its stake in shares of Tootsie Roll Industries by 5.5% in the 4th quarter. Corient Private Wealth LLC now owns 7,196 shares of the company’s stock valued at $264,000 after purchasing an additional 377 shares during the period. Institutional investors and hedge funds own 14.28% of the company’s stock.
About Tootsie Roll Industries
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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