Tredegar (NYSE:TG) Shares Pass Above 200-Day Moving Average – Should You Sell?

Tredegar Co. (NYSE:TG)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $7.09 and traded as high as $8.04. Tredegar shares last traded at $7.88, with a volume of 62,889 shares changing hands.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Tredegar from a “buy” rating to a “hold” rating in a research report on Tuesday, December 31st.

Tredegar Stock Up 0.4 %

The business has a 50-day moving average price of $7.79 and a two-hundred day moving average price of $7.10. The company has a quick ratio of 0.42, a current ratio of 0.79 and a debt-to-equity ratio of 0.13. The firm has a market cap of $272.47 million, a PE ratio of -10.04 and a beta of 0.81.

Tredegar (NYSE:TG) last posted its earnings results on Friday, November 8th. The basic materials company reported $0.01 EPS for the quarter. The firm had revenue of $182.05 million for the quarter. Tredegar had a positive return on equity of 10.10% and a negative net margin of 3.84%.

Institutional Investors Weigh In On Tredegar

Several hedge funds have recently made changes to their positions in the business. Gladius Capital Management LP acquired a new stake in Tredegar in the third quarter valued at about $40,000. AQR Capital Management LLC acquired a new stake in Tredegar in the second quarter valued at about $49,000. FMR LLC lifted its position in Tredegar by 161.5% in the third quarter. FMR LLC now owns 9,445 shares of the basic materials company’s stock valued at $69,000 after purchasing an additional 5,833 shares during the period. SG Americas Securities LLC acquired a new stake in Tredegar in the third quarter valued at about $74,000. Finally, D Orazio & Associates Inc. acquired a new stake in Tredegar in the fourth quarter valued at about $84,000. Institutional investors and hedge funds 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.