Tredegar (NYSE:TG) Shares Pass Above Two Hundred Day Moving Average – Should You Sell?

Tredegar Co. (NYSE:TG)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $7.09 and traded as high as $8.04. Tredegar shares last traded at $7.88, with a volume of 62,889 shares trading hands.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Tredegar from a “buy” rating to a “hold” rating in a report on Tuesday, December 31st.

Tredegar Stock Down 1.1 %

The stock has a market cap of $270.76 million, a price-to-earnings ratio of -9.97 and a beta of 0.81. The firm’s fifty day moving average price is $7.78 and its two-hundred day moving average price is $7.09. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.79 and a quick ratio of 0.42.

Tredegar (NYSE:TG) last announced its quarterly earnings results on Friday, November 8th. The basic materials company reported $0.01 EPS for the quarter. The business had revenue of $182.05 million during the quarter. Tredegar had a negative net margin of 3.84% and a positive return on equity of 10.10%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Minerva Advisors LLC increased its position in shares of Tredegar by 3.4% during the 3rd quarter. Minerva Advisors LLC now owns 1,663,107 shares of the basic materials company’s stock valued at $12,124,000 after purchasing an additional 55,357 shares during the last quarter. State Street Corp increased its holdings in Tredegar by 0.3% during the third quarter. State Street Corp now owns 587,254 shares of the basic materials company’s stock worth $4,281,000 after buying an additional 1,930 shares during the last quarter. Geode Capital Management LLC raised its position in Tredegar by 1.4% in the third quarter. Geode Capital Management LLC now owns 581,762 shares of the basic materials company’s stock worth $4,242,000 after acquiring an additional 7,812 shares during the period. Barclays PLC boosted its stake in Tredegar by 25.0% in the third quarter. Barclays PLC now owns 133,827 shares of the basic materials company’s stock valued at $975,000 after acquiring an additional 26,757 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Tredegar by 5.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 75,132 shares of the basic materials company’s stock valued at $548,000 after acquiring an additional 4,000 shares during the period. 79.24% of the stock is currently 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.