Tootsie Roll Industries (NYSE:TR) Stock Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Tootsie Roll Industries, Inc. (NYSE:TR) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $39.96 and traded as low as $36.92. Tootsie Roll Industries shares last traded at $37.4830, with a volume of 179,750 shares changing hands.

Tootsie Roll Industries Trading Up 0.7%

The company’s fifty day moving average is $41.55 and its 200 day moving average is $39.94. The company has a market capitalization of $2.83 billion, a P/E ratio of 28.18 and a beta of 0.41.

Tootsie Roll Industries (NYSE:TR) last posted its quarterly earnings results on Friday, May 8th. The company reported $0.24 EPS for the quarter. Tootsie Roll Industries had a return on equity of 10.77% and a net margin of 13.70%.The firm had revenue of $151.54 million during the quarter.

Hedge Funds Weigh In On Tootsie Roll Industries

A number of large investors have recently made changes to their positions in TR. Royal Bank of Canada boosted its holdings in shares of Tootsie Roll Industries by 4.4% in the first quarter. Royal Bank of Canada now owns 67,993 shares of the company’s stock worth $2,140,000 after acquiring an additional 2,893 shares during the period. AQR Capital Management LLC boosted its stake in Tootsie Roll Industries by 56.6% during the first quarter. AQR Capital Management LLC now owns 17,428 shares of the company’s stock valued at $549,000 after buying an additional 6,299 shares during the period. Goldman Sachs Group Inc. boosted its stake in Tootsie Roll Industries by 29.1% during the first quarter. Goldman Sachs Group Inc. now owns 215,015 shares of the company’s stock valued at $6,769,000 after buying an additional 48,484 shares during the period. Rhumbline Advisers boosted its stake in Tootsie Roll Industries by 95.8% during the second quarter. Rhumbline Advisers now owns 44,865 shares of the company’s stock valued at $1,501,000 after buying an additional 21,947 shares during the period. Finally, American Century Companies Inc. boosted its stake in Tootsie Roll Industries by 25.4% during the second quarter. American Century Companies Inc. now owns 34,030 shares of the company’s stock valued at $1,138,000 after buying an additional 6,889 shares during the period. 14.28% of the stock is owned by institutional investors.

Tootsie Roll Industries Company Profile

Tootsie Roll Industries, Inc is a U.S.-based confectionery company best known for producing Tootsie Rolls and Tootsie Pops. Headquartered in Chicago, the company manufactures a broad range of candy products, including fruit-flavored chews, gummies, mints and gum, under a portfolio of well-recognized brands. Its offerings are sold through mass-market retailers, convenience stores, specialty shops and vending channels.

The company traces its origins to 1896 when confectioner Leo Hirschfeld invented the Tootsie Roll in New York City.