Media coverage about Tootsie Roll Industries (NYSE:TR) has been trending somewhat positive on Tuesday, according to Accern Sentiment. The research firm identifies negative and positive media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Tootsie Roll Industries earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave news headlines about the company an impact score of 46.3372586088275 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Shares of Tootsie Roll Industries (NYSE TR) traded up 0.41% during midday trading on Tuesday, hitting $36.50. The company’s stock had a trading volume of 71,393 shares. The company has a market cap of $2.32 billion, a P/E ratio of 34.47 and a beta of 0.70. Tootsie Roll Industries has a 1-year low of $33.19 and a 1-year high of $40.44. The company has a 50-day moving average price of $35.43 and a 200 day moving average price of $37.13.
The business also recently disclosed a quarterly dividend, which was paid on Monday, July 10th. Shareholders of record on Monday, June 19th were issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date was Thursday, June 15th. Tootsie Roll Industries’s dividend payout ratio is currently 33.87%.
Separately, BidaskClub downgraded Tootsie Roll Industries from a “hold” rating to a “sell” rating in a report on Thursday, June 22nd.
Tootsie Roll Industries Company Profile
Tootsie Roll Industries, Inc and its subsidiaries are engaged in the manufacture and sale of confectionery products. The Company offers a range of candy, chocolate and bubble gum brands. Its products are marketed in a range of packages designed to be suitable for display and sale in different types of retail outlets.
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