Tredegar (NYSE:TG) Upgraded by StockNews.com to “Buy” Rating

StockNews.com upgraded shares of Tredegar (NYSE:TG) from a hold rating to a buy rating in a report issued on Monday.

Tredegar Price Performance

Tredegar stock opened at $7.92 on Monday. The firm has a market cap of $274.47 million, a PE ratio of -10.02 and a beta of 0.75. 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 stock’s fifty day moving average price is $7.71 and its two-hundred day moving average price is $7.53. Tredegar has a one year low of $4.31 and a one year high of $9.22.

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

Institutional Trading of Tredegar

A number of institutional investors and hedge funds have recently made changes to their positions in TG. FMR LLC raised its position in Tredegar by 161.5% during the third quarter. FMR LLC now owns 9,445 shares of the basic materials company’s stock valued at $69,000 after purchasing an additional 5,833 shares in the last quarter. Occudo Quantitative Strategies LP bought a new position in shares of Tredegar in the 4th quarter valued at $78,000. Price T Rowe Associates Inc. MD acquired a new position in shares of Tredegar during the 4th quarter worth $80,000. D Orazio & Associates Inc. acquired a new position in shares of Tredegar during the 4th quarter worth $84,000. Finally, The Manufacturers Life Insurance Company bought a new stake in shares of Tredegar during the 3rd quarter worth $85,000. Institutional investors own 79.24% of the company’s stock.

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.