Tredegar (NYSE:TG) Share Price Passes Above 200-Day Moving Average of $4.93

Tredegar Co. (NYSE:TGGet Free Report)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $4.93 and traded as high as $6.32. Tredegar shares last traded at $6.22, with a volume of 285,570 shares traded.

Tredegar Stock Performance

The company has a 50-day moving average of $4.74 and a 200-day moving average of $4.93. The firm has a market capitalization of $214.15 million, a P/E ratio of -2.01 and a beta of 0.93. The company has a current ratio of 0.71, a quick ratio of 0.38 and a debt-to-equity ratio of 0.13.

Hedge Funds Weigh In On Tredegar

A number of hedge funds have recently bought and sold shares of the company. Minerva Advisors LLC grew its position in Tredegar by 65.3% during the third quarter. Minerva Advisors LLC now owns 990,549 shares of the basic materials company’s stock worth $5,359,000 after buying an additional 391,262 shares in the last quarter. Acadian Asset Management LLC raised its holdings in shares of Tredegar by 318.5% during the third quarter. Acadian Asset Management LLC now owns 138,927 shares of the basic materials company’s stock valued at $750,000 after acquiring an additional 105,729 shares in the last quarter. Gamco Investors INC. ET AL raised its position in shares of Tredegar by 4.1% in the 3rd quarter. Gamco Investors INC. ET AL now owns 4,283,393 shares of the basic materials company’s stock worth $23,173,000 after acquiring an additional 167,185 shares in the last quarter. Algert Global LLC bought a new position in shares of Tredegar during the third quarter valued at approximately $140,000. Finally, SG Americas Securities LLC bought a new stake in Tredegar during the 3rd quarter valued at about $62,000. Institutional investors own 79.24% of the company’s stock.

About Tredegar

(Get Free Report)

Tredegar Corporation, through its subsidiaries, 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 fabricated aluminum extrusions to fabricators and distributors.

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