Tredegar (NYSE:TG) Stock Price Passes Above 200-Day Moving Average – Should You Sell?

Tredegar Corporation (NYSE:TG) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $8.11 and traded as high as $8.15. Tredegar shares last traded at $7.8050, with a volume of 61,555 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on TG shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Tredegar in a report on Wednesday, October 8th. Wall Street Zen raised shares of Tredegar from a “hold” rating to a “strong-buy” rating in a research report on Saturday, November 15th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

Tredegar Trading Down 4.4%

The business has a fifty day moving average of $7.62 and a 200 day moving average of $8.11. The company has a market capitalization of $272.47 million, a PE ratio of -4.94 and a beta of 0.76.

Tredegar (NYSE:TG) last announced its earnings results on Friday, November 7th. The basic materials company reported $0.26 earnings per share for the quarter. The firm had revenue of $194.94 million for the quarter. Tredegar had a negative net margin of 7.75% and a positive return on equity of 8.64%.

Insiders Place Their Bets

In related news, major shareholder William M. Gottwald sold 10,944 shares of the stock in a transaction on Monday, November 17th. The stock was sold at an average price of $8.54, for a total value of $93,461.76. Following the transaction, the insider owned 734,004 shares of the company’s stock, valued at $6,268,394.16. This represents a 1.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder James T. Gottwald sold 9,997 shares of the stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $8.52, for a total value of $85,174.44. Following the completion of the transaction, the insider owned 744,949 shares in the company, valued at approximately $6,346,965.48. The trade was a 1.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 92,968 shares of company stock worth $769,370 in the last quarter. 5.95% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of TG. Nuveen LLC purchased a new stake in Tredegar during the 1st quarter valued at approximately $1,854,000. Gamco Investors INC. ET AL increased its holdings in shares of Tredegar by 2.9% in the first quarter. Gamco Investors INC. ET AL now owns 5,785,780 shares of the basic materials company’s stock valued at $44,551,000 after purchasing an additional 161,971 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Tredegar by 190.1% during the first quarter. Charles Schwab Investment Management Inc. now owns 217,954 shares of the basic materials company’s stock worth $1,678,000 after purchasing an additional 142,822 shares during the last quarter. Gate City Capital Management LLC lifted its holdings in shares of Tredegar by 113.5% during the second quarter. Gate City Capital Management LLC now owns 260,088 shares of the basic materials company’s stock worth $2,289,000 after purchasing an additional 138,278 shares during the period. Finally, Teton Advisors LLC purchased a new position in Tredegar in the 3rd quarter valued at $972,000. 79.24% of the stock is currently owned by institutional investors and hedge funds.

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.