Tootsie Roll Industries (NYSE:TR - Get Free Report) was upgraded by equities researchers at StockNews.com from a "hold" rating to a "buy" rating in a research note issued to investors on Tuesday.
Tootsie Roll Industries Stock Performance
Shares of NYSE TR traded up $0.44 during midday trading on Tuesday, hitting $31.02. 65,946 shares of the stock traded hands, compared to its average volume of 164,030. The firm has a market capitalization of $2.22 billion, a P/E ratio of 25.43 and a beta of 0.33. Tootsie Roll Industries has a one year low of $26.78 and a one year high of $33.22. The firm has a 50-day moving average of $31.19 and a two-hundred day moving average of $31.30.
Hedge Funds Weigh In On Tootsie Roll Industries
Institutional investors have recently made changes to their positions in the business. Byrne Asset Management LLC bought a new position in Tootsie Roll Industries in the 4th quarter worth $27,000. Deutsche Bank AG bought a new position in shares of Tootsie Roll Industries in the fourth quarter worth about $52,000. GAMMA Investing LLC raised its stake in shares of Tootsie Roll Industries by 133.5% in the fourth quarter. GAMMA Investing LLC now owns 1,807 shares of the company's stock worth $58,000 after buying an additional 1,033 shares during the period. KLP Kapitalforvaltning AS purchased a new position in shares of Tootsie Roll Industries during the 4th quarter valued at about $82,000. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of Tootsie Roll Industries during the 3rd quarter valued at approximately $96,000. Institutional investors own 14.28% of the company's stock.
Tootsie Roll Industries Company Profile
(
Get Free Report)
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 Fruit Rolls, Frooties, Tootsie Pops, Tootsie Mini 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.
Featured Articles
Before you consider Tootsie Roll Industries, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Tootsie Roll Industries wasn't on the list.
While Tootsie Roll Industries currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering when you'll finally be able to invest in SpaceX, Starlink, or X.AI? Enter your email address to learn when Elon Musk will let these companies finally IPO.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
