United-Guardian (NASDAQ:UG) Now Covered by StockNews.com

Stock analysts at StockNews.com initiated coverage on shares of United-Guardian (NASDAQ:UG) in a research note issued on Wednesday. The brokerage set a “buy” rating on the stock.

United-Guardian Price Performance

Shares of UG opened at $9.83 on Wednesday. The firm has a 50 day simple moving average of $10.50 and a 200-day simple moving average of $11.67. United-Guardian has a 1-year low of $7.02 and a 1-year high of $16.25. The stock has a market cap of $45.18 million, a price-to-earnings ratio of 12.94 and a beta of 0.73.

Institutional Investors Weigh In On United-Guardian

Several large investors have recently made changes to their positions in the company. Geode Capital Management LLC boosted its holdings in United-Guardian by 8.3% during the third quarter. Geode Capital Management LLC now owns 28,335 shares of the company’s stock worth $450,000 after buying an additional 2,170 shares in the last quarter. Northern Trust Corp boosted its stake in United-Guardian by 69.5% in the 4th quarter. Northern Trust Corp now owns 25,527 shares of the company’s stock worth $244,000 after purchasing an additional 10,466 shares during the period. Renaissance Technologies LLC boosted its stake in United-Guardian by 4.3% in the 4th quarter. Renaissance Technologies LLC now owns 190,163 shares of the company’s stock worth $1,818,000 after purchasing an additional 7,800 shares during the period. United Capital Financial Advisors LLC acquired a new stake in shares of United-Guardian during the 4th quarter valued at $192,000. Finally, Heron Bay Capital Management acquired a new stake in shares of United-Guardian during the 4th quarter valued at $135,000. Institutional investors and hedge funds own 23.16% of the company’s stock.

United-Guardian Company Profile

United-Guardian, Inc manufactures and markets cosmetic ingredients, pharmaceuticals, medical lubricants, and proprietary specialty industrial products in the United States and internationally The company offers cosmetic ingredients, including LUBRAJEL, a line of water-based gel formulation for sensory enhancement, lubrication, and texture to personal care products; LUBRAJEL NATURAL for skin moisturizing; LUBRAJEL MARINE that develops natural products using naturally derived polymers; LUBRAJEL OlL NATURAL, which makes luxuriant textures without adding viscosity; LUBRAJEL TERRA, a multifunctional, moisturizing hydrogel products; LUBRASIL II SB, a formulation of LUBRAJEL; LUBRAJEL II XD; B-122, a powdered lubricant used in the manufacture of pressed powders, eyeliners, rouges, and industrial products; and ORCHID COMPLEX, an oil-soluble base for extract of fresh orchids used in fragrance products, such as perfumes and toiletries.