Tredegar (NYSE:TG) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Tredegar Corporation (NYSE:TG) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $7.83 and traded as high as $8.98. Tredegar shares last traded at $8.8950, with a volume of 143,647 shares.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Tredegar in a report on Wednesday, January 21st. Wall Street Zen upgraded Tredegar from a “hold” rating to a “strong-buy” rating in a research report on Saturday, November 15th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Tredegar Price Performance

The company has a market capitalization of $310.52 million, a price-to-earnings ratio of -5.63 and a beta of 0.65. The firm’s fifty day moving average price is $7.82 and its 200-day moving average price is $7.83.

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

Insider Activity at Tredegar

In other news, major shareholder William M. Gottwald sold 54,269 shares of the firm’s stock in a transaction on Thursday, January 22nd. The shares were sold at an average price of $8.70, for a total transaction of $472,140.30. Following the completion of the transaction, the insider owned 665,815 shares of the company’s stock, valued at approximately $5,792,590.50. This trade represents a 7.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder James T. Gottwald sold 13,887 shares of Tredegar stock in a transaction on Friday, January 16th. The stock was sold at an average price of $8.57, for a total transaction of $119,011.59. Following the transaction, the insider owned 720,084 shares in the company, valued at approximately $6,171,119.88. This trade represents a 1.89% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 232,738 shares of company stock worth $2,004,193 in the last quarter. 5.80% of the stock is owned by insiders.

Institutional Trading of Tredegar

A number of institutional investors and hedge funds have recently bought and sold shares of TG. Russell Investments Group Ltd. lifted its holdings in Tredegar by 531.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 3,376 shares of the basic materials company’s stock worth $27,000 after buying an additional 2,841 shares during the period. Torren Management LLC bought a new position in shares of Tredegar during the fourth quarter worth about $32,000. BNP Paribas Financial Markets lifted its stake in shares of Tredegar by 53.2% in the third quarter. BNP Paribas Financial Markets now owns 5,273 shares of the basic materials company’s stock worth $42,000 after acquiring an additional 1,830 shares during the period. Tower Research Capital LLC TRC lifted its stake in shares of Tredegar by 225.3% in the second quarter. Tower Research Capital LLC TRC now owns 6,889 shares of the basic materials company’s stock worth $61,000 after acquiring an additional 4,771 shares during the period. Finally, Citadel Advisors LLC boosted its holdings in Tredegar by 163.7% in the third quarter. Citadel Advisors LLC now owns 11,850 shares of the basic materials company’s stock valued at $95,000 after acquiring an additional 30,450 shares during the last quarter. 79.24% of the stock is currently owned by institutional investors and hedge funds.

About Tredegar

Tredegar Corporation is a diversified manufacturer specializing in high-performance plastic films and aluminum extrusions. Headquartered in Richmond, Virginia, the company operates through two primary segments—Films and Manufactured Products—serving a broad range of industries that include flexible packaging, medical devices, electronics, building and construction. Tredegar’s operations focus on delivering tailored solutions that meet demanding specifications for barrier properties, film strength and extrusion tolerances.

The Films segment produces a variety of polyolefin films, including cast and blown polyethylene, BOPP (biaxially oriented polypropylene), barrier films and specialty medical-grade films.