Tredegar (NYSE:TG) Raised to Buy at StockNews.com

StockNews.com upgraded shares of Tredegar (NYSE:TG - Free Report) from a hold rating to a buy rating in a report issued on Tuesday morning.

Tredegar Stock Performance

Shares of Tredegar stock traded down $0.01 during trading hours on Tuesday, reaching $7.92. The company had a trading volume of 63,565 shares, compared to its average volume of 80,685. Tredegar has a one year low of $3.98 and a one year high of $9.22. The business has a fifty day simple moving average of $7.83 and a 200 day simple moving average of $7.17. 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 has a market cap of $272.17 million, a PE ratio of -10.03 and a beta of 0.81.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of TG. FMR LLC grew its stake 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 purchasing an additional 5,833 shares during the last quarter. Barclays PLC lifted its holdings 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 last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Tredegar by 216.0% during the third quarter. BNP Paribas Financial Markets now owns 29,443 shares of the basic materials company's stock valued at $215,000 after purchasing an additional 20,125 shares during the last quarter. Geode Capital Management LLC raised its holdings in Tredegar by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 581,762 shares of the basic materials company's stock worth $4,242,000 after acquiring an additional 7,812 shares during the last quarter. Finally, The Manufacturers Life Insurance Company purchased a new position in Tredegar in the 3rd quarter worth approximately $85,000. Hedge funds and other institutional investors own 79.24% of the company's stock.

Tredegar Company Profile

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.