Treasury Wine Estates (OTCMKTS:TSRYY) Sees Strong Trading Volume – Here’s What Happened

Treasury Wine Estates Ltd. (OTCMKTS:TSRYY) shares saw unusually-strong trading volume on Monday . Approximately 1,054,995 shares traded hands during mid-day trading, an increase of 204% from the previous session’s volume of 347,363 shares.The stock last traded at $3.7450 and had previously closed at $3.72.

Analyst Ratings Changes

Separately, UBS Group lowered shares of Treasury Wine Estates from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 13th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, Treasury Wine Estates has a consensus rating of “Hold”.

Treasury Wine Estates Price Performance

The business has a 50-day simple moving average of $4.47 and a two-hundred day simple moving average of $5.01.

Treasury Wine Estates Increases Dividend

The company also recently declared a dividend, which was paid on Tuesday, October 14th. Stockholders of record on Friday, August 29th were paid a dividend of $0.0393 per share. This represents a dividend yield of 426.0%. This is a boost from Treasury Wine Estates’s previous dividend of $0.04. The ex-dividend date of this dividend was Thursday, August 28th.

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.