StockNews.com Initiates Coverage on United-Guardian (NASDAQ:UG)

Analysts at StockNews.com began coverage on shares of United-Guardian (NASDAQ:UG) in a research note issued on Monday. The brokerage set a “buy” rating on the stock.

United-Guardian Trading Up 2.4 %

NASDAQ UG opened at $13.41 on Monday. The stock has a 50-day simple moving average of $10.73 and a 200 day simple moving average of $9.18. The company has a market capitalization of $61.55 million, a PE ratio of 22.35 and a beta of 0.80. United-Guardian has a 12 month low of $5.79 and a 12 month high of $13.66.

Institutional Trading of United-Guardian

An institutional investor recently raised its position in United-Guardian stock. Renaissance Technologies LLC raised its stake in United-Guardian, Inc. (NASDAQ:UG) by 1.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 187,563 shares of the company’s stock after buying an additional 2,100 shares during the period. Renaissance Technologies LLC’s holdings in United-Guardian were worth $1,677,000 at the end of the most recent quarter. Institutional investors own 23.16% of the company’s stock.

United-Guardian Company Profile

United-Guardian, Inc manufactures and markets cosmetic ingredients, pharmaceuticals, medical lubricants, and proprietary specialty industrial products in the United States and internationally The company offers cosmetic ingredients, including LUBRAJEL, a line of water-based gel formulation for sensory enhancement, lubrication, and texture to personal care products; LUBRAJEL NATURAL for skin moisturizing; LUBRAJEL MARINE that develops natural products using naturally derived polymers; LUBRAJEL OlL NATURAL, which makes luxuriant textures without adding viscosity; LUBRAJEL TERRA, a multifunctional, moisturizing hydrogel products; LUBRASIL II SB, a formulation of LUBRAJEL; LUBRAJEL II XD; B-122, a powdered lubricant used in the manufacture of pressed powders, eyeliners, rouges, and industrial products; and ORCHID COMPLEX, an oil-soluble base for extract of fresh orchids used in fragrance products, such as perfumes and toiletries.