Shares of Tredegar Co. (NYSE:TG - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $7.24 and traded as high as $8.07. Tredegar shares last traded at $8.06, with a volume of 45,790 shares traded.
Analyst Upgrades and Downgrades
Separately, StockNews.com upgraded shares of Tredegar from a "hold" rating to a "buy" rating in a research note on Tuesday, February 11th.
Check Out Our Latest Stock Analysis on Tredegar
Tredegar Price Performance
The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.42 and a current ratio of 0.79. The firm has a market capitalization of $277.12 million, a P/E ratio of -10.21 and a beta of 0.81. The stock's 50 day simple moving average is $7.83 and its 200 day simple moving average is $7.29.
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the stock. Gamco Investors INC. ET AL raised its holdings in Tredegar by 10.0% in the fourth quarter. Gamco Investors INC. ET AL now owns 5,623,809 shares of the basic materials company's stock worth $43,191,000 after purchasing an additional 513,415 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of Tredegar by 691.9% during the 4th quarter. Bank of America Corp DE now owns 2,893,980 shares of the basic materials company's stock valued at $22,226,000 after purchasing an additional 2,528,530 shares during the last quarter. Minerva Advisors LLC boosted its position in shares of Tredegar by 3.4% in the 3rd quarter. Minerva Advisors LLC now owns 1,663,107 shares of the basic materials company's stock worth $12,124,000 after purchasing an additional 55,357 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Tredegar by 0.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,109,365 shares of the basic materials company's stock worth $8,520,000 after buying an additional 3,403 shares during the last quarter. Finally, Gabelli Funds LLC increased its position in Tredegar by 13.2% during the 4th quarter. Gabelli Funds LLC now owns 1,062,415 shares of the basic materials company's stock valued at $8,159,000 after buying an additional 124,115 shares in the last quarter. 79.24% of the stock is owned by institutional investors.
Tredegar Company Profile
(
Get Free Report)
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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