Tredegar (NYSE:TG) Stock Price Passes Above 200 Day Moving Average of $5.74

Tredegar Co. (NYSE:TG) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $5.74 and traded as high as $7.33. Tredegar shares last traded at $7.21, with a volume of 88,187 shares.

Tredegar Stock Up 1.8 %

The firm has a market cap of $248.64 million, a price-to-earnings ratio of -2.43 and a beta of 0.89. The company has a current ratio of 0.78, a quick ratio of 0.41 and a debt-to-equity ratio of 0.13. The stock has a 50-day moving average of $5.94 and a 200-day moving average of $5.74.

Tredegar (NYSE:TG) last released its quarterly earnings data on Wednesday, August 7th. The basic materials company reported $0.30 earnings per share (EPS) for the quarter. Tredegar had a positive return on equity of 6.82% and a negative net margin of 10.56%. The business had revenue of $190.56 million during the quarter.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. XTX Topco Ltd acquired a new stake in shares of Tredegar in the second quarter valued at $49,000. AQR Capital Management LLC acquired a new stake in shares of Tredegar in the second quarter valued at $49,000. Simplicity Wealth LLC acquired a new stake in shares of Tredegar in the second quarter valued at $57,000. Cove Street Capital LLC lifted its holdings in shares of Tredegar by 510.0% in the fourth quarter. Cove Street Capital LLC now owns 11,004 shares of the basic materials company’s stock valued at $60,000 after buying an additional 9,200 shares during the period. Finally, Panagora Asset Management Inc. acquired a new stake in shares of Tredegar in the second quarter valued at $95,000. Institutional investors and hedge funds 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.