Tootsie Roll Industries (TR) Receiving Somewhat Positive News Coverage, Study Finds

Media coverage about Tootsie Roll Industries (NYSE:TR) has trended somewhat positive on Tuesday, according to Accern Sentiment. Accern scores the sentiment of news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Tootsie Roll Industries earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 46.6454355172271 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

Shares of Tootsie Roll Industries (TR) traded up $0.05 during trading hours on Tuesday, hitting $36.40. 74,768 shares of the company’s stock were exchanged, compared to its average volume of 95,786. Tootsie Roll Industries has a 52 week low of $34.30 and a 52 week high of $41.65. The stock has a market cap of $2,282.41, a P/E ratio of 34.15 and a beta of 0.66.

Separately, BidaskClub downgraded shares of Tootsie Roll Industries from a “buy” rating to a “hold” rating in a research note on Monday, July 31st.

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Tootsie Roll Industries Company Profile

Tootsie Roll Industries, Inc and its subsidiaries are engaged in the manufacture and sale of confectionery products. The Company offers a range of candy, chocolate and bubble gum brands. Its products are marketed in a range of packages designed to be suitable for display and sale in different types of retail outlets.

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