Tredegar Co. (NYSE:TG - Get Free Report) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $7.09 and traded as high as $8.04. Tredegar shares last traded at $7.88, with a volume of 62,889 shares traded.
Analyst Ratings Changes
Separately, StockNews.com cut shares of Tredegar from a "buy" rating to a "hold" rating in a report on Tuesday, December 31st.
Check Out Our Latest Stock Analysis on TG
Tredegar Trading Up 2.8 %
The firm has a market capitalization of $279.87 million, a PE ratio of -10.31 and a beta of 0.81. The business's 50-day moving average price is $7.81 and its 200-day moving average price is $7.13. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.79 and a quick ratio of 0.42.
Tredegar (NYSE:TG - Get Free Report) last posted its quarterly earnings data on Friday, November 8th. The basic materials company reported $0.01 earnings per share for the quarter. The company had revenue of $182.05 million during the quarter. Tredegar had a positive return on equity of 10.10% and a negative net margin of 3.84%.
Institutional Investors Weigh In On Tredegar
A number of hedge funds have recently added to or reduced their stakes in the company. Gladius Capital Management LP purchased a new stake in Tredegar during the third quarter worth about $40,000. FMR LLC raised its holdings in shares of Tredegar by 161.5% in the third quarter. FMR LLC now owns 9,445 shares of the basic materials company's stock worth $69,000 after acquiring an additional 5,833 shares during the last quarter. AQR Capital Management LLC acquired a new position in Tredegar in the 2nd quarter valued at about $49,000. SG Americas Securities LLC purchased a new position in shares of Tredegar during the third quarter valued at approximately $74,000. Finally, D Orazio & Associates Inc. acquired a new stake in shares of Tredegar during the fourth quarter worth $84,000. Institutional investors and hedge funds own 79.24% of the company's stock.
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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