News headlines about Tootsie Roll Industries (NYSE:TR) have trended somewhat positive recently, according to Accern. The research group identifies negative and positive media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Tootsie Roll Industries earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned news stories about the company an impact score of 47.3100268683936 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Separately, BidaskClub cut Tootsie Roll Industries from a “hold” rating to a “sell” rating in a report on Thursday, June 22nd.
Tootsie Roll Industries (TR) opened at 38.30 on Thursday. The firm’s 50 day moving average price is $37.32 and its 200-day moving average price is $36.66. Tootsie Roll Industries has a one year low of $33.19 and a one year high of $40.44. The firm has a market cap of $2.42 billion, a PE ratio of 35.63 and a beta of 0.69.
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 12th. Stockholders of record on Monday, October 2nd will be given a dividend of $0.09 per share. The ex-dividend date is Friday, September 29th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.94%. Tootsie Roll Industries’s payout ratio is 33.39%.
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About Tootsie Roll Industries
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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