StockNews.com started coverage on shares of Tredegar (NYSE:TG – Get Rating) in a research note published on Thursday morning. The brokerage issued a hold rating on the basic materials company’s stock.
Tredegar Trading Down 7.2 %
Shares of TG opened at $8.98 on Thursday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.62 and a quick ratio of 0.84. Tredegar has a 1 year low of $8.72 and a 1 year high of $13.15. The company has a 50 day simple moving average of $11.60 and a two-hundred day simple moving average of $10.76. The firm has a market cap of $305.32 million, a P/E ratio of 10.56 and a beta of 0.95.
Tredegar Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Saturday, April 1st. Shareholders of record on Friday, March 24th will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 5.79%. The ex-dividend date is Thursday, March 23rd. Tredegar’s dividend payout ratio (DPR) is currently 61.18%.
Institutional Investors Weigh In On Tredegar
Tredegar Corp. engages in the manufacture of polyethylene (PE) plastic films, polyester films, and aluminum extrusions. It operates through the following segments: PE Films, Flexible Packaging Films and Aluminum Extrusions. The PE Films segment manufactures plastic films, elastics, and laminate materials utilized in personal care materials, surface protection films and specialty and optical lighting applications.
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