Tredegar (NYSE:TG) Issues Earnings Results

Tredegar (NYSE:TG) announced its quarterly earnings data on Wednesday. The basic materials company reported $0.06 earnings per share for the quarter, Zacks reports. Tredegar had a positive return on equity of 10.10% and a negative net margin of 3.84%.

Tredegar Stock Up 7.4 %

Shares of NYSE TG traded up $0.51 during mid-day trading on Wednesday, hitting $7.29. The company had a trading volume of 25,021 shares, compared to its average volume of 83,196. Tredegar has a one year low of $3.98 and a one year high of $9.22. The company has a market capitalization of $250.32 million, a PE ratio of -9.23 and a beta of 0.75. The firm has a 50-day simple moving average of $7.74 and a two-hundred day simple moving average of $7.44. The company has a current ratio of 0.79, a quick ratio of 0.42 and a debt-to-equity ratio of 0.13.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Tredegar from a “hold” rating to a “buy” rating in a report on Wednesday, March 5th.

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.