Tootsie Roll Industries (NYSE:TR) Stock Passes Below 200-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 trading hands.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. StockNews.com began coverage on shares of Tootsie Roll Industries in a research report on Thursday, August 17th. They set a “hold” rating for the company. TheStreet cut shares of Tootsie Roll Industries from a “b” rating to a “c+” rating in a report on Monday, May 22nd.

Tootsie Roll Industries Price Performance

The firm’s 50-day moving average price is $33.10 and its 200-day moving average price is $38.10. The stock has a market cap of $2.13 billion, a P/E ratio of 26.73 and a beta of 0.12.

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

Institutional Investors Weigh In On Tootsie Roll Industries

Large investors have recently added to or reduced their stakes in the stock. Captrust Financial Advisors increased its position in Tootsie Roll Industries by 86.2% during the second quarter. Captrust Financial Advisors now owns 797 shares of the company’s stock valued at $28,000 after acquiring an additional 369 shares during the last quarter. Chilton Capital Management LLC purchased a new stake in Tootsie Roll Industries in the first quarter worth $30,000. Creative Financial Designs Inc. ADV purchased a new stake in Tootsie Roll Industries in the 1st quarter valued at about $32,000. Quadrant Capital Group LLC grew its stake in Tootsie Roll Industries by 32.1% in the 4th quarter. Quadrant Capital Group LLC now owns 980 shares of the company’s stock worth $42,000 after acquiring an additional 238 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its position in shares of Tootsie Roll Industries by 22.8% during the second quarter. PNC Financial Services Group Inc. now owns 1,703 shares of the company’s stock worth $60,000 after acquiring an additional 316 shares during the period. 16.10% of the stock is 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.