Tredegar (NYSE:TG) Upgraded by StockNews.com to Buy Rating

Tredegar (NYSE:TG) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Monday.

Tredegar Stock Up 1.7 %

Shares of TG stock traded up $0.14 during trading hours on Monday, hitting $7.92. 134,951 shares of the company’s stock traded hands, compared to its average volume of 103,721. The company has a quick ratio of 0.42, a current ratio of 0.79 and a debt-to-equity ratio of 0.13. The stock has a market cap of $274.47 million, a price-to-earnings ratio of -10.02 and a beta of 0.75. The stock’s fifty day simple moving average is $7.71 and its two-hundred day simple moving average is $7.53. Tredegar has a 12-month low of $4.31 and a 12-month high of $9.22.

Tredegar (NYSE:TG) last posted its quarterly earnings results on Wednesday, March 12th. The basic materials company reported $0.06 earnings per share (EPS) for the quarter. The firm had revenue of $154.05 million during the quarter. Tredegar had a positive return on equity of 10.10% and a negative net margin of 3.84%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of TG. FMR LLC lifted its stake in Tredegar by 161.5% during the 3rd quarter. FMR LLC now owns 9,445 shares of the basic materials company’s stock valued at $69,000 after acquiring an additional 5,833 shares during the period. Occudo Quantitative Strategies LP bought a new position in Tredegar during the fourth quarter valued at approximately $78,000. Price T Rowe Associates Inc. MD bought a new position in Tredegar during the fourth quarter valued at approximately $80,000. D Orazio & Associates Inc. bought a new stake in Tredegar in the 4th quarter worth approximately $84,000. Finally, The Manufacturers Life Insurance Company bought a new stake in Tredegar in the 3rd quarter worth approximately $85,000. Hedge funds and other institutional investors own 79.24% of the company’s stock.

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.