Tootsie Roll Industries, Inc. (NYSE: TR) Gains 1.24% And Its 2.22% Stock Volatility Is Bewildering

Tootsie Roll Industries, Inc. (NYSE:TR) does about 202.79K shares in volume on a normal day but saw 583354 shares change hands in the recent trading day. The company now has a market cap of 2.16B USD. Its current market price is $30.16, marking an increase of 1.24% compared to the previous close of $29.79. The 52 week high reached by this stock is $34.80 whilst the lowest price level in 52 weeks is $27.58.

Tootsie Roll Industries, Inc. (TR) has a 20-day trading average at $28.98 and the current price is -13.32% off the 52-week high compared with 9.35% distance from its 52-week low. The 50-day simple moving average of the closing price is $29.54 and its 200-day simple moving average is $31.30. If we look at the stock’s price movements over the week, volatility stands at 2.22%, which decreases to 2.10% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 61.49 to suggest the stock is neutral.

#####

#####

#####

The current price level is 4.06%, 2.16%, and -2.44% away from its SMA20, SMA50, and SMA200 respectively, with the TR price moving above the 50-day SMA on current market day. Tootsie Roll Industries, Inc. (TR) stock is up 6.76% over the week and -1.18% over the past month. Its price is -6.54% year-to-date and -4.00% over the past year.

The company’s next earnings report forecasts estimating quarterly EPS at 0 and 0 for whole year.

#####

Outstanding shares total 40.81M with insiders holding 65.12% of the shares and institutional holders owning 28.78% of the company’s common stock. The company has a return on investment of 11.15% and return on equity of 11.71%. The price to earnings ratio (P/E ratio) amounts to 22.65. The beta has a value of 0.17. Price to book ratio is 2.56 and price to sales ratio is 2.87.

#####