StockNews.com Initiates Coverage on United-Guardian (NASDAQ:UG)

Investment analysts at StockNews.com initiated coverage on shares of United-Guardian (NASDAQ:UG) in a research note issued to investors on Monday. The brokerage set a “buy” rating on the stock.

United-Guardian Price Performance

Shares of United-Guardian stock opened at $10.50 on Monday. The firm has a market cap of $48.20 million, a price-to-earnings ratio of 13.82 and a beta of 0.76. The stock has a 50-day simple moving average of $10.41 and a 200-day simple moving average of $11.86. United-Guardian has a 52-week low of $7.02 and a 52-week high of $16.25.

Hedge Funds Weigh In On United-Guardian

Hedge funds have recently bought and sold shares of the business. Heron Bay Capital Management bought a new stake in United-Guardian during the fourth quarter worth approximately $135,000. United Capital Financial Advisors LLC acquired a new stake in shares of United-Guardian in the fourth quarter worth $192,000. Northern Trust Corp boosted its holdings in shares of United-Guardian by 69.5% during the 4th quarter. Northern Trust Corp now owns 25,527 shares of the company’s stock worth $244,000 after buying an additional 10,466 shares during the period. Geode Capital Management LLC grew its stake in United-Guardian by 10.3% in the 4th quarter. Geode Capital Management LLC now owns 31,264 shares of the company’s stock valued at $302,000 after buying an additional 2,929 shares during the last quarter. Finally, Renaissance Technologies LLC grew its stake in United-Guardian by 4.3% in the 4th quarter. Renaissance Technologies LLC now owns 190,163 shares of the company’s stock valued at $1,818,000 after buying an additional 7,800 shares during the last quarter. 23.16% of the stock is owned by institutional investors and hedge funds.

United-Guardian Company Profile

United-Guardian, Inc manufactures and markets cosmetic ingredients, pharmaceuticals, medical lubricants, and proprietary specialty industrial products in the United States and internationally The company offers cosmetic ingredients, including LUBRAJEL, a line of water-based gel formulation for sensory enhancement, lubrication, and texture to personal care products; LUBRAJEL NATURAL for skin moisturizing; LUBRAJEL MARINE that develops natural products using naturally derived polymers; LUBRAJEL OlL NATURAL, which makes luxuriant textures without adding viscosity; LUBRAJEL TERRA, a multifunctional, moisturizing hydrogel products; LUBRASIL II SB, a formulation of LUBRAJEL; LUBRAJEL II XD; B-122, a powdered lubricant used in the manufacture of pressed powders, eyeliners, rouges, and industrial products; and ORCHID COMPLEX, an oil-soluble base for extract of fresh orchids used in fragrance products, such as perfumes and toiletries.