Tredegar (NYSE:TG) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

Tredegar Co. (NYSE:TG)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $6.13 and traded as high as $8.53. Tredegar shares last traded at $6.96, with a volume of 757,166 shares.

Tredegar Price Performance

The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.41 and a current ratio of 0.78. The company has a fifty day moving average price of $7.26 and a two-hundred day moving average price of $6.13. The company has a market cap of $240.19 million, a P/E ratio of -8.81 and a beta of 0.88.

Institutional Trading of Tredegar

Several institutional investors and hedge funds have recently added to or reduced their stakes in TG. Gladius Capital Management LP acquired a new position in shares of Tredegar during the 3rd quarter worth approximately $40,000. AQR Capital Management LLC acquired a new position in shares of Tredegar in the second quarter valued at $49,000. SG Americas Securities LLC bought a new position in shares of Tredegar in the third quarter valued at about $74,000. XTX Topco Ltd acquired a new stake in shares of Tredegar during the 2nd quarter worth about $49,000. Finally, Simplicity Wealth LLC bought a new stake in shares of Tredegar during the 2nd quarter worth about $57,000. 79.24% of the stock is owned by institutional investors.

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.