Treasury Wine Estates (OTCMKTS:TSRYY) Sees Strong Trading Volume – Still a Buy?

Treasury Wine Estates Ltd. (OTCMKTS:TSRYY) saw strong trading volume on Friday . 712,338 shares traded hands during mid-day trading, an increase of 100% from the previous session’s volume of 356,002 shares.The stock last traded at $3.70 and had previously closed at $3.68.

Wall Street Analysts Forecast Growth

Separately, UBS Group cut Treasury Wine Estates from a “strong-buy” rating to a “hold” rating in a report on Monday, October 13th. Two 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 Stock Up 0.5%

The firm’s fifty day simple moving average is $4.23 and its two-hundred day simple moving average is $4.90.

About Treasury Wine Estates

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.