United-Guardian (NASDAQ:UG) Posts Earnings Results

United-Guardian (NASDAQ:UG) released its quarterly earnings data on Friday. The company reported $0.19 earnings per share for the quarter, reports. United-Guardian had a net margin of 26.36% and a return on equity of 28.64%. The firm had revenue of $3.06 million during the quarter.

United-Guardian Stock Down 12.1 %

Shares of NASDAQ UG opened at $10.79 on Monday. United-Guardian has a 12-month low of $6.62 and a 12-month high of $16.25. The stock’s fifty day simple moving average is $13.97 and its two-hundred day simple moving average is $11.49.

Institutional Trading of United-Guardian

Hedge funds have recently modified their holdings of the stock. Essex Investment Management Co. LLC purchased a new position in shares of United-Guardian during the 3rd quarter worth $126,000. Rodgers Brothers Inc. raised its holdings in United-Guardian by 5.0% in the 1st quarter. Rodgers Brothers Inc. now owns 100,100 shares of the company’s stock valued at $766,000 after buying an additional 4,750 shares during the period. Finally, Renaissance Technologies LLC lifted its position in United-Guardian by 1.1% in the second quarter. Renaissance Technologies LLC now owns 187,563 shares of the company’s stock valued at $1,677,000 after buying an additional 2,100 shares during the last quarter. Hedge funds and other institutional investors own 23.16% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on United-Guardian in a research note on Monday, August 26th. They issued a “buy” rating for the company.

About United-Guardian

United-Guardian, Inc manufactures and markets cosmetic ingredients, pharmaceuticals, medical lubricants, and proprietary specialty industrial products in the United States and internationally The company offers cosmetic ingredients, including LUBRAJEL, a line of water-based gel formulation for sensory enhancement, lubrication, and texture to personal care products; LUBRAJEL NATURAL for skin moisturizing; LUBRAJEL MARINE that develops natural products using naturally derived polymers; LUBRAJEL OlL NATURAL, which makes luxuriant textures without adding viscosity; LUBRAJEL TERRA, a multifunctional, moisturizing hydrogel products; LUBRASIL II SB, a formulation of LUBRAJEL; LUBRAJEL II XD; B-122, a powdered lubricant used in the manufacture of pressed powders, eyeliners, rouges, and industrial products; and ORCHID COMPLEX, an oil-soluble base for extract of fresh orchids used in fragrance products, such as perfumes and toiletries.