United-Guardian (NASDAQ:UG) Share Price Crosses Above 50 Day Moving Average – Here’s Why

United-Guardian, Inc. (NASDAQ:UG)’s stock price crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $7.21 and traded as high as $7.38. United-Guardian shares last traded at $7.12, with a volume of 9,936 shares traded.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of United-Guardian from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, July 21st. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

United-Guardian Trading Up 1.0%

The business has a 50 day moving average of $7.21 and a 200-day moving average of $6.89. The stock has a market cap of $32.68 million, a PE ratio of 13.69 and a beta of 0.95.

United-Guardian (NASDAQ:UG) last released its quarterly earnings results on Friday, May 8th. The company reported $0.18 earnings per share for the quarter. The company had revenue of $2.87 million during the quarter. United-Guardian had a return on equity of 21.40% and a net margin of 21.62%.

United-Guardian Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Tuesday, August 4th. Investors of record on Tuesday, July 28th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, July 28th. This represents a dividend yield of 819.0%. United-Guardian’s dividend payout ratio (DPR) is presently 115.38%.

Institutional Trading of United-Guardian

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in UG. Geode Capital Management LLC raised its stake in United-Guardian by 8.2% in the 4th quarter. Geode Capital Management LLC now owns 35,560 shares of the company’s stock valued at $219,000 after purchasing an additional 2,691 shares during the last quarter. Gamco Investors INC. ET AL lifted its holdings in United-Guardian by 1.9% in the 4th quarter. Gamco Investors INC. ET AL now owns 162,500 shares of the company’s stock valued at $1,001,000 after purchasing an additional 3,000 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in United-Guardian by 1.0% in the 4th quarter. Renaissance Technologies LLC now owns 186,645 shares of the company’s stock valued at $1,150,000 after purchasing an additional 1,882 shares in the last quarter. Hedge funds and other institutional investors own 23.16% of the company’s stock.

United-Guardian Company Profile

United-Guardian, Inc, headquartered in Hauppauge, New York, develops and supplies specialty ingredients and finished products for the personal care, cosmetic and esthetic markets. Its Specialty Ingredients segment offers antimicrobial preservatives, conditioning polymers, emulsifiers, UV filters and other functional actives that are incorporated into lotions, creams, shampoos and professional esthetic formulations.

The company’s Finished Products segment markets a range of skin and hair care items under the Guardian brand, providing private-label and contract manufacturing services to spas, salons and dermatology clinics.