Tredegar (NYSE:TG) Stock Price Crosses Above Two Hundred Day Moving Average - Should You Sell?

Tredegar Corporation (NYSE:TG - Get Free Report)'s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $8.05 and traded as high as $9.12. Tredegar shares last traded at $9.05, with a volume of 41,859 shares traded.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded shares of Tredegar from a "buy" rating to a "hold" rating in a report on Friday, May 9th.

Tredegar Stock Down 3.0%

The business's fifty day moving average is $8.78 and its 200-day moving average is $8.07. The stock has a market capitalization of $294.90 million, a PE ratio of -5.02 and a beta of 0.83.

Tredegar (NYSE:TG - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The basic materials company reported $0.10 earnings per share for the quarter. Tredegar had a negative net margin of 8.35% and a positive return on equity of 9.28%. The firm had revenue of $164.73 million for the quarter.

Institutional Trading of Tredegar

Several institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE grew its position in shares of Tredegar by 691.9% during the fourth quarter. Bank of America Corp DE now owns 2,893,980 shares of the basic materials company's stock worth $22,226,000 after acquiring an additional 2,528,530 shares during the last quarter. Gamco Investors INC. ET AL grew its position in shares of Tredegar by 10.0% during the fourth quarter. Gamco Investors INC. ET AL now owns 5,623,809 shares of the basic materials company's stock worth $43,191,000 after acquiring an additional 513,415 shares during the last quarter. Nuveen LLC bought a new position in shares of Tredegar during the first quarter worth about $1,854,000. Charles Schwab Investment Management Inc. grew its position in shares of Tredegar by 190.1% during the first quarter. Charles Schwab Investment Management Inc. now owns 217,954 shares of the basic materials company's stock worth $1,678,000 after acquiring an additional 142,822 shares during the last quarter. Finally, American Century Companies Inc. grew its position in shares of Tredegar by 35.0% during the fourth quarter. American Century Companies Inc. now owns 503,066 shares of the basic materials company's stock worth $3,864,000 after acquiring an additional 130,291 shares during the last quarter. 79.24% of the stock is owned by institutional investors and hedge funds.

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.