Tredegar (NYSE:TG) Upgraded at StockNews.com

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

Tredegar Stock Up 0.3 %

TG opened at $7.94 on Monday. Tredegar has a 12 month low of $4.31 and a 12 month high of $9.22. 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 business has a 50 day simple moving average of $7.71 and a 200-day simple moving average of $7.55. The stock has a market capitalization of $275.20 million, a P/E ratio of -10.05 and a beta of 0.75.

Tredegar (NYSE:TG) last posted its quarterly 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 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 have recently modified their holdings of the business. FMR LLC boosted its holdings in shares of Tredegar by 161.5% during the third quarter. FMR LLC now owns 9,445 shares of the basic materials company’s stock worth $69,000 after purchasing an additional 5,833 shares during the last quarter. Occudo Quantitative Strategies LP purchased a new stake in shares of Tredegar during the 4th quarter valued at about $78,000. Price T Rowe Associates Inc. MD acquired a new position in shares of Tredegar during the fourth quarter worth $80,000. D Orazio & Associates Inc. purchased a new position in Tredegar in the 4th quarter valued at about $84,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in Tredegar during the 3rd quarter valued at approximately $85,000. 79.24% of the stock is owned by hedge funds and other 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.