Shares of Tredegar Corporation (NYSE:TG - Get Free Report) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $7.81 and traded as high as $8.90. Tredegar shares last traded at $8.58, with a volume of 79,628 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen lowered shares of Tredegar from a "buy" rating to a "hold" rating in a research note on Friday, May 9th.
Read Our Latest Stock Analysis on Tredegar
Tredegar Stock Down 1.0%
The company has a market capitalization of $298.92 million, a PE ratio of -5.10 and a beta of 0.82. The business's 50 day simple moving average is $8.15 and its 200 day simple moving average is $7.83.
Tredegar (NYSE:TG - Get Free Report) last issued its earnings results 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 for the quarter. Tredegar had a positive return on equity of 9.28% and a negative net margin of 8.35%.
Hedge Funds Weigh In On Tredegar
Large investors have recently made changes to their positions in the business. Central Pacific Bank Trust Division acquired a new position in shares of Tredegar in the 1st quarter valued at about $46,000. Occudo Quantitative Strategies LP acquired a new position in shares of Tredegar in the 4th quarter valued at about $78,000. Price T Rowe Associates Inc. MD acquired a new position in shares of Tredegar in the 4th quarter valued at about $80,000. GAMMA Investing LLC increased its holdings in shares of Tredegar by 1,131.8% in the 1st quarter. GAMMA Investing LLC now owns 10,495 shares of the basic materials company's stock valued at $81,000 after purchasing an additional 9,643 shares during the period. Finally, MetLife Investment Management LLC increased its holdings in shares of Tredegar by 25.9% in the 1st quarter. MetLife Investment Management LLC now owns 15,268 shares of the basic materials company's stock valued at $118,000 after purchasing an additional 3,145 shares during the period. 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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