Tootsie Roll Industries Inc. (NYSE: TR) has benefited from extremely meaningful positive changes in investment behavior: its longer term price trend turned up, the stock’s recent price rise disrupted its longer term downtrend, positive upside/downside volume developed, and the stock rose on very heavy volume.
Small positive changes in Tootsie Roll Industries Inc. (NYSE: TR) fundamentals have recently occurred: significant quarterly earnings acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of F. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
TR is expected to continue to be a Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Tootsie Roll Industries has a current Value Trend Rating of F (Lowest Rating). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Tootsie Roll Industries has a slightly negative Appreciation Score of 31 and a poor Power Rating of 24, and the Lowest Value Trend Rating results.
Recent Price Action
Tootsie Roll Industries Inc. (NYSE: TR) stock closed at $32.06 on 6/26/24 after a modest gain of 0.4%. Moreover, this advance was accompanied by exceptionally high trading volume at 1629% of normal. The stock has risen 11.1% during the last week but has been weak relative to the market over the last nine months.
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