Extremely important positive changes in investment behavior have recently occurred for Tootsie Roll Industries Inc. (NYSE: TR): positive upside/downside volume developed, its longer term price trend turned up, and its shorter term price trend turned up.
Minimal 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). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Tootsie Roll Industries has a slightly negative Appreciation Score of 30 and a poor Power Rating of 22, with the Lowest Value Trend Rating the result.
Recent Price Action
Tootsie Roll Industries Inc. (NYSE: TR) stock declined slightly by -0.8% on 7/19/24. The stock closed at $29.99. This decline was accompanied by normal trading volume. Relative to the market the stock has been weak over the last nine months but has risen 1.2% during the last week.
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