Tredegar (NYSE:TG) Stock Rating Upgraded by StockNews.com

Tredegar (NYSE:TG) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Monday.

Tredegar Price Performance

Shares of NYSE TG opened at $7.92 on Monday. The stock has a market cap of $274.64 million, a P/E ratio of -10.03 and a beta of 0.75. Tredegar has a twelve month low of $4.31 and a twelve month high of $9.22. The stock has a 50 day moving average of $7.71 and a two-hundred day moving average of $7.54. The company has a current ratio of 0.79, a quick ratio of 0.42 and a debt-to-equity ratio of 0.13.

Tredegar (NYSE:TG) last announced its earnings results on Wednesday, March 12th. The basic materials company reported $0.06 EPS for the quarter. The business had revenue of $154.05 million for the quarter. Tredegar had a negative net margin of 3.84% and a positive return on equity of 10.10%.

Institutional Trading of Tredegar

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. FMR LLC raised its stake in shares of Tredegar by 161.5% during the third quarter. FMR LLC now owns 9,445 shares of the basic materials company’s stock worth $69,000 after purchasing an additional 5,833 shares during the last quarter. Occudo Quantitative Strategies LP acquired a new stake in shares of Tredegar in the 4th quarter worth $78,000. Price T Rowe Associates Inc. MD purchased a new stake in shares of Tredegar in the fourth quarter valued at about $80,000. D Orazio & Associates Inc. acquired a new position in shares of Tredegar during the fourth quarter worth about $84,000. Finally, The Manufacturers Life Insurance Company purchased a new position in Tredegar during the third quarter worth about $85,000. 79.24% of the stock is owned by hedge funds and other institutional investors.

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.