Tredegar (NYSE:TG) Stock Crosses Above 200 Day Moving Average of $5.34

Tredegar Co. (NYSE:TG) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $5.34 and traded as high as $6.10. Tredegar shares last traded at $5.82, with a volume of 88,975 shares.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Tredegar from a “hold” rating to a “buy” rating in a report on Friday, May 10th.

Tredegar Trading Down 0.5 %

The business’s 50-day moving average price is $5.18 and its two-hundred day moving average price is $5.35. The company has a market capitalization of $206.94 million, a P/E ratio of -2.02 and a beta of 0.87. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.73 and a quick ratio of 0.37.

Tredegar (NYSE:TG) last posted its quarterly earnings data on Thursday, May 9th. The basic materials company reported $0.16 EPS for the quarter. Tredegar had a negative net margin of 14.79% and a negative return on equity of 1.01%. The business had revenue of $175.74 million for the quarter.

Institutional Trading of Tredegar

Several hedge funds and other institutional investors have recently modified their holdings of TG. SG Americas Securities LLC increased its position in Tredegar by 29.9% during the 4th quarter. SG Americas Securities LLC now owns 14,922 shares of the basic materials company’s stock worth $81,000 after purchasing an additional 3,437 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in Tredegar by 3.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 174,833 shares of the basic materials company’s stock worth $946,000 after acquiring an additional 6,483 shares in the last quarter. Trexquant Investment LP boosted its stake in Tredegar by 5.9% during the fourth quarter. Trexquant Investment LP now owns 51,519 shares of the basic materials company’s stock worth $279,000 after acquiring an additional 2,891 shares in the last quarter. Cove Street Capital LLC lifted its stake in shares of Tredegar by 510.0% in the fourth quarter. Cove Street Capital LLC now owns 11,004 shares of the basic materials company’s stock valued at $60,000 after buying an additional 9,200 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its stake in shares of Tredegar by 190.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 5,808 shares of the basic materials company’s stock valued at $31,000 after buying an additional 3,807 shares in the last quarter. Institutional investors own 79.24% of the company’s stock.

About Tredegar

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.