Tredegar Corporation (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 $7.94 and traded as high as $9.23. Tredegar shares last traded at $9.10, with a volume of 55,568 shares changing hands.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen downgraded Tredegar from a "buy" rating to a "hold" rating in a report on Friday, May 9th.
Check Out Our Latest Report on Tredegar
Tredegar Trading Up 0.6%
The business's 50-day simple moving average is $8.61 and its two-hundred day simple moving average is $7.95. The company has a market capitalization of $318.30 million, a PE ratio of -5.43 and a beta of 0.83.
Tredegar (NYSE:TG - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The basic materials company reported $0.10 earnings per share for the quarter. The company had revenue of $164.73 million during the quarter. Tredegar had a negative net margin of 8.35% and a positive return on equity of 9.28%.
Hedge Funds Weigh In On Tredegar
Large investors have recently modified their holdings of the stock. Central Pacific Bank Trust Division bought a new position in Tredegar in the first quarter worth about $46,000. Occudo Quantitative Strategies LP bought a new position in Tredegar in the fourth quarter worth about $78,000. Price T Rowe Associates Inc. MD bought a new position in Tredegar in the fourth quarter worth about $80,000. GAMMA Investing LLC lifted its holdings in Tredegar by 1,131.8% in the first quarter. GAMMA Investing LLC now owns 10,495 shares of the basic materials company's stock worth $81,000 after acquiring an additional 9,643 shares during the last quarter. Finally, MetLife Investment Management LLC lifted its holdings in Tredegar by 25.9% in the first quarter. MetLife Investment Management LLC now owns 15,268 shares of the basic materials company's stock worth $118,000 after acquiring an additional 3,145 shares during the last quarter. Institutional investors own 79.24% of the company's stock.
About Tredegar
(
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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