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Tootsie Roll Industries Inc has reached a significant milestone as its stock hit a 52-week high, closing at 41.97 USD. With a market capitalization of $3.05 billion and a P/E ratio of 33.33, this marks a notable achievement for the confectionery company, reflecting a strong year of growth. According to InvestingPro analysis, the company maintains a strong financial position with more cash than debt on its balance sheet. Over the past year, Tootsie Roll’s stock has seen a remarkable increase of 35.02%, underscoring investor confidence and the company’s robust performance in the market. The company has maintained dividend payments for 55 consecutive years, demonstrating long-term stability. This surge in stock price highlights the company’s ability to adapt and thrive in a competitive industry, drawing attention from both investors and market analysts. InvestingPro subscribers can access 8 additional key insights about Tootsie Roll’s financial health and growth potential.
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