Tootsie Roll Industries, Inc (NYSE: TR) is 1.22% higher on its value in year-to-date trading and has touched a low of $26.78 and a high of $33.22 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The TR stock was last observed hovering at around $31.09 in the last trading session, with the day’s gains setting it 0.68%.
Currently trading at $31.77, the stock is 2.26% and 2.68% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.11 million and changing 2.19% at the moment leaves the stock 5.24% off its SMA200. TR registered 8.57% gain for a year compared to 6-month gain of 8.64%. The firm has a 50-day simple moving average (SMA 50) of $30.939854 and a 200-day simple moving average (SMA200) of $30.189528.
The stock witnessed a 1.37% loss in the last 1 month and extending the period to 3 months gives it a 4.41%, and is 3.89% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.93% over the week and 2.63% over the month.
Tootsie Roll Industries, Inc (TR) has around 2300 employees, a market worth around $2.24B and $723.22M in sales. Current P/E ratio is 26.88. Profit margin for the company is 12.01%. Distance from 52-week low is 18.65% and -4.36% from its 52-week high. The company has generated returns on investments over the last 12 months (9.83%).
224.0 institutions hold shares in Tootsie Roll Industries, Inc (TR), with institutional investors hold 50.34% of the company’s shares. The shares outstanding are 41.90M, and float is at 17.69M with Short Float at 11.07%. Institutions hold 29.31% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 1.94 million shares valued at $59.41 million. The investor’s holdings represent 2.7211 of the TR Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 1.91 million shares valued at $58.52 million to account for 2.6803 of the shares outstanding. The other top investors are FIRST TRUST ADVISORS LP which holds 1.58 million shares representing 2.2188 and valued at over $48.44 million, while ALLSPRING GLOBAL INVESTMENTS HOLDINGS, LLC holds 1.3763 of the shares totaling 0.98 million with a market value of $30.05 million.
