StockNews.com downgraded shares of Tredegar (NYSE:TG – Free Report) from a buy rating to a hold rating in a research report report published on Thursday.
Tredegar Stock Performance
Shares of Tredegar stock opened at $7.32 on Thursday. The stock has a market cap of $251.42 million, a PE ratio of -9.26 and a beta of 0.75. The business has a fifty day simple moving average of $7.71 and a 200-day simple moving average of $7.46. The company has a quick ratio of 0.42, a current ratio of 0.79 and a debt-to-equity ratio of 0.13. Tredegar has a 12 month low of $3.98 and a 12 month high of $9.22.
Tredegar (NYSE:TG – Get Free Report) last released its quarterly earnings data on Wednesday, March 12th. The basic materials company reported $0.06 earnings per share (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%.
Hedge Funds Weigh In On 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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