Tredegar Corporation (NYSE:TG - Get Free Report)'s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $7.99 and traded as high as $9.08. Tredegar shares last traded at $8.73, with a volume of 52,838 shares.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen cut shares of Tredegar from a "buy" rating to a "hold" rating in a research note on Friday, May 9th.
View Our Latest Research Report on TG
Tredegar Stock Down 3.2%
The business's fifty day moving average is $8.68 and its 200 day moving average is $8.00. The firm has a market capitalization of $304.85 million, a price-to-earnings ratio of -5.20 and a beta of 0.83.
Tredegar (NYSE:TG - Get Free Report) last released its earnings results on Thursday, May 8th. The basic materials company reported $0.10 earnings per share for the quarter. The business 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%.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the company. Barclays PLC boosted its holdings in shares of Tredegar by 1.1% during the 4th quarter. Barclays PLC now owns 135,241 shares of the basic materials company's stock worth $1,038,000 after buying an additional 1,414 shares during the period. MetLife Investment Management LLC boosted its holdings in shares of Tredegar by 25.9% during the 1st quarter. MetLife Investment Management LLC now owns 15,268 shares of the basic materials company's stock worth $118,000 after buying an additional 3,145 shares during the period. Wells Fargo & Company MN boosted its holdings in shares of Tredegar by 25.2% during the 4th quarter. Wells Fargo & Company MN now owns 15,935 shares of the basic materials company's stock worth $122,000 after buying an additional 3,204 shares during the period. Bank of New York Mellon Corp raised its stake in Tredegar by 4.5% in the 1st quarter. Bank of New York Mellon Corp now owns 76,074 shares of the basic materials company's stock worth $586,000 after purchasing an additional 3,278 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Tredegar by 0.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,109,365 shares of the basic materials company's stock worth $8,520,000 after purchasing an additional 3,403 shares in 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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