Treasury Wine Estates (OTCMKTS:TSRYY) Hits New 52-Week Low – Time to Sell?

Shares of Treasury Wine Estates Ltd. (OTCMKTS:TSRYY) hit a new 52-week low during trading on Monday . The company traded as low as $3.7804 and last traded at $3.7804, with a volume of 163 shares changing hands. The stock had previously closed at $3.86.

Wall Street Analysts Forecast Growth

Separately, UBS Group cut shares of Treasury Wine Estates from a “strong-buy” rating to a “hold” rating in a report on Monday, October 13th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold”.

Treasury Wine Estates Price Performance

The stock’s 50 day moving average price is $4.62 and its 200-day moving average price is $5.08.

Treasury Wine Estates Increases Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, October 14th. Stockholders of record on Friday, August 29th were paid a $0.0393 dividend. This represents a dividend yield of 426.0%. This is a boost from Treasury Wine Estates’s previous dividend of $0.04. The ex-dividend date of this dividend was Thursday, August 28th.

Treasury Wine Estates Company Profile

Treasury Wine Estates Limited operates as a wine company primarily in Australia, New Zealand, Asia, Europe, the United Kingdom, the Middle East, Africa, and the Americas. The company engages in the viticulture and winemaking; and marketing, sale, and distribution of wine. Its wine portfolio includes luxury, premium and commercial wine brands, such as 19 Crimes, Acacia Vineyard, Annie's Lane, Beaulieu Vineyard, Belcreme de Lys, Beringer Vineyards, Blossom Hill, Cavaliere d'Oro, Coldstream Hills, Devil's Lair, EMBRAZEN, Etude, Fifth Leg, Heemskerk, Hewitt Vineyard, Ingoldby, Jamieson's Run, Killawarra, Leo Buring, Lindeman's, Maison de Grand Esprit, Matua, Penfolds, Pepperjack, Rawson's Retreat, Rosemount Estate, Run Riot, Saltram, Samuel Wynn & Co, Secret Stone, Seppelt, Shingle Peak, Sledgehammer, Squealing pig, St Huberts, Stags' Leap Winery, Stellina di Notte, Sterling Vineyards, T'Gallant, The Walking Dead Wine, Wolf Blass, Wynns Coonawarra Estate, and Yellowglen.