Tredegar (NYSE:TG) Stock Crosses Above 200 Day Moving Average – Here’s Why

Tredegar Co. (NYSE:TG)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $6.13 and traded as high as $8.53. Tredegar shares last traded at $6.96, with a volume of 757,166 shares changing hands.

Tredegar Stock Down 0.3 %

The company has a market capitalization of $242.25 million, a P/E ratio of -8.92 and a beta of 0.88. The company has a quick ratio of 0.41, a current ratio of 0.79 and a debt-to-equity ratio of 0.13. The firm has a fifty day simple moving average of $7.30 and a 200-day simple moving average of $6.14.

Institutional Investors Weigh In On Tredegar

Several large investors have recently made changes to their positions in TG. Gladius Capital Management LP bought a new stake in Tredegar in the 3rd quarter valued at approximately $40,000. FMR LLC lifted its position in shares of Tredegar by 161.5% in the third quarter. FMR LLC now owns 9,445 shares of the basic materials company’s stock worth $69,000 after purchasing an additional 5,833 shares in the last quarter. AQR Capital Management LLC bought a new stake in shares of Tredegar in the second quarter worth $49,000. SG Americas Securities LLC acquired a new position in Tredegar during the third quarter worth $74,000. Finally, XTX Topco Ltd bought a new position in Tredegar in the second quarter valued at $49,000. 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.