Tredegar (NYSE:TG) Issues Earnings Results

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

Tredegar Trading Up 11.9 %

Shares of TG stock opened at $7.59 on Thursday. Tredegar has a 1 year low of $3.98 and a 1 year high of $9.22. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.79 and a quick ratio of 0.42. The stock’s 50 day simple moving average is $7.73 and its two-hundred day simple moving average is $7.44. The company has a market cap of $260.63 million, a PE ratio of -9.60 and a beta of 0.75.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Tredegar from a “hold” rating to a “buy” rating in a research 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.