BidaskClub Downgrades Tootsie Roll Industries, Inc. (NYSE:TR) to Sell

BidaskClub cut shares of Tootsie Roll Industries, Inc. (NYSE:TR) from a hold rating to a sell rating in a research report released on Thursday, June 22nd.

Shares of Tootsie Roll Industries (TR) traded up 0.70% during trading on Thursday, reaching $35.95. The company’s stock had a trading volume of 3,289 shares. The stock has a 50 day moving average of $35.43 and a 200-day moving average of $37.13. Tootsie Roll Industries has a 1-year low of $33.19 and a 1-year high of $40.44. The company has a market capitalization of $2.28 billion, a PE ratio of 33.95 and a beta of 0.70.

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The firm also recently announced a quarterly dividend, which was paid on Monday, July 10th. Investors of record on Monday, June 19th were paid a $0.09 dividend. The ex-dividend date was Thursday, June 15th. This represents a $0.36 dividend on an annualized basis and a yield of 1.01%. Tootsie Roll Industries’s payout ratio is currently 33.87%.

About Tootsie Roll Industries

Tootsie Roll Industries, Inc and its subsidiaries are engaged in the manufacture and sale of confectionery products. The Company offers a range of candy, chocolate and bubble gum brands. Its products are marketed in a range of packages designed to be suitable for display and sale in different types of retail outlets.

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