Treasury Wine Estates (OTCMKTS:TSRYY) Sets New 12-Month Low – Should You Sell?

Treasury Wine Estates Ltd. (OTCMKTS:TSRYY)’s share price reached a new 52-week low on Thursday . The stock traded as low as $3.65 and last traded at $3.68, with a volume of 496897 shares trading hands. The stock had previously closed at $3.7250.

Wall Street Analyst Weigh In

Separately, UBS Group downgraded shares of Treasury Wine Estates from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 13th. Two analysts have rated the stock with a Hold rating, According to MarketBeat, Treasury Wine Estates presently has an average rating of “Hold”.

Treasury Wine Estates Stock Down 1.2%

The company has a 50 day moving average of $4.26 and a 200 day moving average of $4.91.

Treasury Wine Estates Increases Dividend

The firm also recently announced a dividend, which was paid on Tuesday, October 14th. Shareholders of record on Friday, August 29th were given a $0.0393 dividend. This is a positive change from Treasury Wine Estates’s previous dividend of $0.04. This represents a yield of 426.0%. 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.