Tredegar (NYSE:TG) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

Tredegar Co. (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 $7.24 and traded as high as $8.07. Tredegar shares last traded at $8.06, with a volume of 45,790 shares.

Analyst Ratings Changes

Separately, StockNews.com raised Tredegar from a “hold” rating to a “buy” rating in a report on Tuesday, February 11th.

Tredegar Stock Performance

The business’s fifty day moving average is $7.83 and its 200-day moving average is $7.24. 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 company has a market cap of $276.94 million, a PE ratio of -10.20 and a beta of 0.81.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of TG. Gladius Capital Management LP purchased a new stake in shares of Tredegar in the 3rd quarter worth $40,000. FMR LLC increased its position in Tredegar by 161.5% in the third quarter. FMR LLC now owns 9,445 shares of the basic materials company’s stock worth $69,000 after buying an additional 5,833 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Tredegar in the third quarter worth about $74,000. Occudo Quantitative Strategies LP purchased a new position in shares of Tredegar during the 4th quarter valued at about $78,000. Finally, Price T Rowe Associates Inc. MD purchased a new position in Tredegar during the fourth quarter valued at approximately $80,000. Hedge funds and other institutional investors own 79.24% of the company’s stock.

About Tredegar

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.