Treasury Wine Estates (OTCMKTS:TSRYY) Stock Price Up 2.1% – Time to Buy?

Treasury Wine Estates Limited (OTCMKTS:TSRYY)’s share price shot up 2.1% during trading on Tuesday . The company traded as high as $6.12 and last traded at $5.87. 305,114 shares were traded during trading, a decline of 9% from the average session volume of 335,052 shares. The stock had previously closed at $5.75.

Wall Street Analyst Weigh In

Separately, Citigroup downgraded shares of Treasury Wine Estates to a “neutral” rating in a report on Wednesday, April 2nd.

Treasury Wine Estates Trading Up 2.1 %

The business’s 50-day moving average is $5.88 and its 200-day moving average is $6.70.

Treasury Wine Estates Increases Dividend

The business also recently announced a dividend, which was paid on Monday, April 14th. Investors of record on Friday, March 7th were issued a dividend of $0.0381 per share. This represents a yield of 3.25%. This is a positive change from Treasury Wine Estates’s previous dividend of $0.04. The ex-dividend date of this dividend was Thursday, March 6th. Treasury Wine Estates’s dividend payout ratio (DPR) is -65.14%.

About Treasury Wine Estates

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.