Treasury Wine Estates (OTCMKTS:TSRYY) Trading Down 6.9% – Here’s What Happened

Shares of Treasury Wine Estates Ltd. (OTCMKTS:TSRYY) were down 6.9% during mid-day trading on Wednesday . The company traded as low as $2.96 and last traded at $2.96. Approximately 515 shares were traded during mid-day trading, a decline of 100% from the average daily volume of 472,520 shares. The stock had previously closed at $3.18.

Analyst Ratings Changes

Several brokerages have weighed in on TSRYY. UBS Group downgraded Treasury Wine Estates from a “hold” rating to a “strong sell” rating in a research note on Friday, February 6th. Jefferies Financial Group lowered Treasury Wine Estates from a “strong-buy” rating to a “hold” rating and set a $5.20 price target on the stock. in a report on Wednesday, December 17th. Royal Bank Of Canada downgraded shares of Treasury Wine Estates from a “moderate buy” rating to a “hold” rating in a report on Thursday, December 18th. Finally, Citigroup lowered shares of Treasury Wine Estates from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 14th. Two equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Treasury Wine Estates has an average rating of “Reduce” and a consensus price target of $5.20.

Treasury Wine Estates Price Performance

The firm’s 50-day simple moving average is $3.51 and its 200 day simple moving average is $4.01.

About Treasury Wine Estates

Treasury Wine Estates is a Melbourne‐based global wine company that produces, markets and distributes a broad portfolio of wines. Its portfolio spans premium, luxury and commercial brands, including Penfolds, Beringer, Stags’ Leap Family Vineyards, Wolf Blass, Lindeman’s and Matua. The company sources fruit from a mix of owned vineyards and long-term grower partnerships across key wine regions in Australia, California and New Zealand.

The business was established in 2011 following a demerger from Foster’s Group and traces its heritage back to the founding of Penfolds in 1844.