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

Shares of Tredegar Co. (NYSE:TG) crossed 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.

Analyst Ratings Changes

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

Tredegar Stock Up 0.4 %

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 firm’s 50-day moving average price is $7.79 and its 200 day moving average price is $7.10. The firm has a market cap of $272.47 million, a P/E ratio of -10.04 and a beta of 0.81.

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

Institutional Investors Weigh In On Tredegar

Institutional investors and hedge funds have recently bought and sold shares of the business. Gladius Capital Management LP acquired a new stake in shares of Tredegar in the third quarter valued at approximately $40,000. AQR Capital Management LLC acquired a new stake in shares of Tredegar in the second quarter valued at approximately $49,000. FMR LLC increased its stake 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 valued at $69,000 after purchasing an additional 5,833 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Tredegar in the third quarter valued at approximately $74,000. Finally, D Orazio & Associates Inc. acquired a new stake in shares of Tredegar in the fourth quarter valued at approximately $84,000. Institutional investors and hedge funds own 79.24% of the company’s stock.

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.