Tredegar Co. (NYSE:TG - Get Free Report) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $6.76 and traded as high as $7.68. Tredegar shares last traded at $7.65, with a volume of 77,691 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, StockNews.com downgraded Tredegar from a "buy" rating to a "hold" rating in a research note on Tuesday, December 31st.
View Our Latest Report on TG
Tredegar Stock Performance
The company has a debt-to-equity ratio of 0.13, a current ratio of 0.79 and a quick ratio of 0.42. The firm's 50-day moving average price is $7.62 and its 200-day moving average price is $6.76. The stock has a market cap of $266.98 million, a P/E ratio of -9.84 and a beta of 0.81.
Institutional Trading of Tredegar
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Gabelli Funds LLC boosted its position in shares of Tredegar by 26.9% during the second quarter. Gabelli Funds LLC now owns 831,500 shares of the basic materials company's stock valued at $3,983,000 after buying an additional 176,091 shares during the period. American Century Companies Inc. grew its position in Tredegar by 66.5% in the 2nd quarter. American Century Companies Inc. now owns 368,376 shares of the basic materials company's stock valued at $1,765,000 after acquiring an additional 147,158 shares during the last quarter. Bank of Montreal Can bought a new position in Tredegar in the 2nd quarter valued at $685,000. Minerva Advisors LLC increased its stake in Tredegar by 3.4% in the third 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 during the period. Finally, Barclays PLC boosted its stake in shares of Tredegar by 25.0% during the third quarter. Barclays PLC now owns 133,827 shares of the basic materials company's stock valued at $975,000 after purchasing an additional 26,757 shares during the period. Hedge funds and other institutional investors own 79.24% of the company's stock.
About Tredegar
(
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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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