The Week Ahead: Are Investors Really Too Optimistic About Tootsie Roll Industries, Inc (NYSE: TR)

Tootsie Roll Industries, Inc (NYSE:TR) currently has a daily average trading volume of 117.54K but it saw 135911 shares traded in last market. With a market cap of 2.51B USD, the company’s current market price of $31.40 came rising about 0.77 while comparing to the previous closing price of $31.16. In past 52 weeks, the stock remained buoying in the range of price level as high as $34.22 and as low as $27.58. In the recent trading on the day, stock has struck highest price mark of $31.03 while lowest mark touched by it was $31.45.

Taking a look at 20-day trading activity of Tootsie Roll Industries, Inc (TR) gives us an average price of $31.99, while its current price level is -8.25% below from 52-week high level whereas it is 13.85% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $31.91 while that of 200 days or SMA-200 reads an average of $30.55. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.35% during that period while stretching the period over a month that decreases to 2.15%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 43.67 which implies that the stock is in neutral territory.

Over the week, TR’s stock price is moving -2.88% down while it is -3.44% when we observe its performance for the past one month. Year-to-date it is -2.88% down and over the past year, the stock is showing a downside performance of -5.54%.

Currently, Tootsie Roll Industries, Inc’s total number of outstanding shares is 41.04M. Company’s return on investment (ROI) stands at 10.62% and return on equity (ROE) at 11.20%. It has a price to earnings ratio (P/E ratio) of 23.93. Stock’s beta reads 0.22. Stock has a price to book (P/B) ratio of 2.57 while price to sale or P/S ratio amounts to 3.45. Its return on asset (ROA) is 8.47% on average.