Tredegar (NYSE:TG) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Tredegar Co. (NYSE:TG) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $7.24 and traded as high as $8.07. Tredegar shares last traded at $8.06, with a volume of 45,790 shares trading hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Tredegar from a “hold” rating to a “buy” rating in a research note on Tuesday, February 11th.

Tredegar Stock Up 0.7 %

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 has a 50 day simple moving average of $7.83 and a 200-day simple moving average of $7.26. The stock has a market capitalization of $278.87 million, a price-to-earnings ratio of -10.27 and a beta of 0.81.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of TG. Barclays PLC boosted its holdings in Tredegar by 25.0% in the third quarter. Barclays PLC now owns 133,827 shares of the basic materials company’s stock valued at $975,000 after acquiring an additional 26,757 shares during the last quarter. FMR LLC boosted its holdings 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 acquiring an additional 5,833 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in Tredegar by 216.0% in the third quarter. BNP Paribas Financial Markets now owns 29,443 shares of the basic materials company’s stock valued at $215,000 after acquiring an additional 20,125 shares during the last quarter. Geode Capital Management LLC lifted its stake in Tredegar by 1.4% in the third quarter. Geode Capital Management LLC now owns 581,762 shares of the basic materials company’s stock valued at $4,242,000 after buying an additional 7,812 shares during the period. Finally, The Manufacturers Life Insurance Company acquired a new position in Tredegar in the third quarter valued at about $85,000. 79.24% of the stock is currently owned by institutional investors and hedge funds.

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.