StockNews.com downgraded shares of Tredegar (NYSE:TG - Free Report) from a buy rating to a hold rating in a report issued on Tuesday.
Tredegar Trading Up 0.2 %
Shares of TG stock traded up $0.02 on Tuesday, hitting $7.80. The stock had a trading volume of 45,783 shares, compared to its average volume of 84,666. Tredegar has a twelve month low of $3.98 and a twelve month high of $9.22. The firm has a market cap of $267.84 million, a P/E ratio of -9.87 and a beta of 0.81. The company has a current ratio of 0.79, a quick ratio of 0.42 and a debt-to-equity ratio of 0.13. The company has a fifty day moving average price of $7.84 and a two-hundred day moving average price of $7.35.
Hedge Funds Weigh In On Tredegar
Institutional investors and hedge funds have recently made changes to their positions in the company. Gladius Capital Management LP acquired a new position in shares of Tredegar in the 3rd quarter valued at $40,000. FMR LLC boosted its stake in Tredegar by 161.5% in the 3rd quarter. FMR LLC now owns 9,445 shares of the basic materials company's stock worth $69,000 after purchasing an additional 5,833 shares during the period. SG Americas Securities LLC acquired a new position in Tredegar in the 3rd quarter worth $74,000. Occudo Quantitative Strategies LP acquired a new position in Tredegar in the 4th quarter worth $78,000. Finally, Price T Rowe Associates Inc. MD acquired a new position in Tredegar in the 4th quarter worth $80,000. Institutional investors and hedge funds own 79.24% of the company's stock.
Tredegar Company Profile
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Tredegar Corporation manufactures and sells aluminum extrusions, polyethylene (PE) films, and plastic and polyester films in the United States and internationally. It operates through three segments: Aluminum Extrusions, PE Films, and Flexible Packaging Films. The Aluminum Extrusions segment produces soft and medium strength alloyed aluminum extrusions, custom fabricated and finished aluminum extrusions for the building and construction, automotive and transportation, consumer durables, machinery and equipment, electrical and renewable energy, and distribution markets; and manufactures mill, anodized, and painted and alloyed aluminum extrusions to fabricators and distributors.
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