Tootsie Roll Industries (NYSE:TR) Stock Crosses Below 200-Day Moving Average – Here’s What Happened

Tootsie Roll Industries, Inc. (NYSE:TR)’s share price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $31.11 and traded as low as $30.50. Tootsie Roll Industries shares last traded at $30.88, with a volume of 119,497 shares changing hands.

Tootsie Roll Industries Trading Up 0.3 %

The firm has a market cap of $2.22 billion, a P/E ratio of 25.42 and a beta of 0.21. The business’s fifty day simple moving average is $31.37 and its 200-day simple moving average is $31.11.

Tootsie Roll Industries Increases Dividend

The business also recently disclosed a — dividend, which will be paid on Thursday, March 27th. Investors of record on Wednesday, March 5th will be issued a dividend of $3.00 per share. This is a boost from Tootsie Roll Industries’s previous — dividend of $0.09. The ex-dividend date is Wednesday, March 5th. This represents a yield of 1.1%. Tootsie Roll Industries’s dividend payout ratio is 29.51%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Byrne Asset Management LLC bought a new position in shares of Tootsie Roll Industries in the fourth quarter valued at approximately $27,000. Deutsche Bank AG purchased a new stake in Tootsie Roll Industries in the 4th quarter worth approximately $52,000. GAMMA Investing LLC boosted its holdings in Tootsie Roll Industries by 133.5% in the 4th quarter. GAMMA Investing LLC now owns 1,807 shares of the company’s stock valued at $58,000 after purchasing 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 $82,000. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of Tootsie Roll Industries in the third quarter worth $96,000. Hedge funds and other institutional investors own 14.28% of the company’s stock.

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 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.