Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Tootsie Roll Industries Inc before investing.

In this article, we go over a few key elements for understanding Tootsie Roll Industries Inc’s stock price such as:

• Tootsie Roll Industries Inc’s current stock price and volume
• Why Tootsie Roll Industries Inc’s stock price changed recently
• Upgrades and downgrades for TR from analysts
• TR’s stock price momentum as measured by its relative strength

About Tootsie Roll Industries Inc (TR)

Before we jump into Tootsie Roll Industries Inc’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Tootsie Roll Industries, Inc. and its subsidiaries are engaged in the manufacture and sale of confectionery products. The Company?s products are sold under the registered trademarks, which include TOOTSIE ROLL, TOOTSIE FRUIT ROLLS, FROOTIES, TOOTSIE POPS, TOOTSIE MINI POPS, CHILD?S PLAY, CARAMEL APPLE POPS, CHARMS, BLOW-POP, CHARMS MINI POPS, CELLA?S, DOTS, JUNIOR MINTS, CHARLESTON CHEW, SUGAR DADDY, SUGAR BABIES, ANDES, FLUFFY STUFF, DUBBLE BUBBLE, RAZZLES, CRY BABY, NIK-L-NIP, and TUTSI POP (Mexico). Its products are sold through food and grocery brokers or directly by the Company itself to customers throughout the United States, Canada and Mexico. Its customers include wholesale distributors of candy, food and groceries, supermarkets, variety stores, dollar stores, chain grocers, discount chains, cooperative grocery associations, mass merchandisers, warehouse and membership club stores, e-commerce merchants, the United States military and fund-raising charitable organizations.

Want to learn more about Tootsie Roll Industries Inc’s stock? Click the button below to subscribe to A+ Investor and get access to everything you need to know about Tootsie Roll Industries Inc.

Tootsie Roll Industries Inc’s Stock Price as of Market Close

As of March 05, 2024, 4:00 PM, CST, Tootsie Roll Industries Inc’s stock price was $31.73.

Tootsie Roll Industries Inc is down 4.71% from its previous closing price of $33.30.

During the last market session, Tootsie Roll Industries Inc’s stock traded between $32.53 and $33.32. Currently, there are 69.39 million shares of Tootsie Roll Industries Inc stock available for purchase.

Tootsie Roll Industries Inc’s price-earnings (P/E) ratio is currently at 26.6, which is high compared to the Food Processing industry median of 18.8. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Tootsie Roll Industries Inc Stock Price History

Tootsie Roll Industries Inc’s (TR) price is currently down 2.43% so far this month.

During the month of March, Tootsie Roll Industries Inc’s stock price has reached a high of $33.32 and a low of $31.69.

Over the last year, Tootsie Roll Industries Inc has hit prices as high as $45.99 and as low as $29.07. Year to date, Tootsie Roll Industries Inc’s stock is down 23.23%.

Sign Up to Receive a Free Special Report Showing How A+ Grades Can Help You Make Smarter Investment Decisions

What Caused Tootsie Roll Industries Inc Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of March 04, 2024, there were analysts who downgraded Tootsie Roll Industries Inc’s stock and analysts who upgraded over the last month.

Additionally, you'll want to evaluate Tootsie Roll Industries Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Tootsie Roll Industries Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Tootsie Roll Industries Inc’s current valuation based on AAII’s Value Grade is a D, which means it is considered to be Expensive.

Learn how to evaluate stocks with AAII Grades and Scores with A+ Investor today.

Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Tootsie Roll Industries Inc (TR) by visiting AAII Stock Evaluator.

Relative Price Strength of Tootsie Roll Industries Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of March 04, 2024, Tootsie Roll Industries Inc has a weighted four-quarter relative price strength of -11.06%, which translates to a Momentum Score of 34 and is considered to be Weak.

Want to learn more about how Tootsie Roll Industries Inc is graded based on AAII’s composite scores for value, growth, quality and earnings estimate revisions? Subscribe to A+ Investor today.

Tootsie Roll Industries Inc Stock Price: Bottom Line

As of March 5, 2024, Tootsie Roll Industries Inc’s stock price is $31.73, which is down 4.71% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Tootsie Roll Industries Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.