Toro Co. stock trades under the ticker TTC & has shown recent bullishness that traders & investors should research further into.
TTC stock closed at $114.15/share on 2/2/2023.
Toro Co. TTC Stock’s Technical Performance Broken Down
TTC Stock Price: $114.15
10 Day Moving Average: $110.51
50 Day Moving Average: $111.77
200 Day Moving Average: $93.10
RSI: 58.38
MACD: -0.105
Yesterday, TTC stock completed a bullish MACD crossover, gaining 1.67% on the day’s session.
Recent trading volumes have been above average compared to the year prior & their RSI is on the overbought end of neutral, signaling there may be more near-term strength to come.
TTC stock has support at the $111.77 (50 Day Moving Average) & $110.51 (10 Day Moving Average) as they try to break out above the $115.22 & $117.66/share resistance levels.
Toro Co. TTC Stock As A Long-Term Investment
Long-term oriented investors will like TTC stock’s 25.87 P/E (ttm), but may find their 8.36 P/B (mrq) to be too high.
They recently reported 22% Quarterly Revenue Growth Y-o-Y, with 95.6% Quarterly Earnings Growth Y-o-Y.
Their balance sheet will require a more thorough examination, with $188.25M of Total Cash (mrq) & $1.07B of Total Debt (mrq).
TTC stock pays a 1.07% dividend, which appears to be sustainable in the long-run as their payout ratio is 28.57%.
89.2% of TTC stock’s outstanding share float is owned by institutional investors.
Toro Co. TTC Stock As A Short-Term Trade Using Options
Traders with a shorter time horizon can use options to profit from TTC stock’s price, while hedging against volatility.
I am looking at the contracts with the 3/17 expiration date.
The $110, $100 & $105 call options are all in-the-money, listed from highest to lowest level of open interest.
The $115 & $120 puts are also all in-the-money, with the former being more liquid than the latter strike price.
Tying It All Together
TTC stock has many interesting characteristics that traders & investors should find appealing.
Investors will like their dividend yield & P/E (ttm), but may want to review their balance sheet in more detail.
Traders will like their technical set up, but should keep an eye out for increasing open interest in the March contracts after February’s expiration date.
Overall, it is worth taking a closer look into TTC stock to see how it fits into your portfolio strategy.
*** I DO NOT OWN SHARES NOR OPTIONS POSITIONS AROUND TTC STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***