StockNews.com downgraded shares of Tredegar (NYSE:TG – Free Report) from a buy rating to a hold rating in a research report released on Thursday morning.
Tredegar Stock Performance
Shares of NYSE:TG opened at $7.32 on Thursday. The firm has a market capitalization of $251.42 million, a PE ratio of -9.26 and a beta of 0.75. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.79 and a quick ratio of 0.42. The business has a 50-day moving average of $7.71 and a two-hundred day moving average of $7.46. Tredegar has a 12 month low of $3.98 and a 12 month high of $9.22.
Tredegar (NYSE:TG – Get Free Report) last issued its quarterly earnings results on Wednesday, March 12th. The basic materials company reported $0.06 EPS for the quarter. The firm had revenue of $154.05 million during the quarter. Tredegar had a positive return on equity of 10.10% and a negative net margin of 3.84%.
Institutional Trading of Tredegar
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.
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