Tredegar (NYSE:TG) Stock Rating Lowered by StockNews.com

Tredegar (NYSE:TG) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

Tredegar Stock Performance

Shares of Tredegar stock opened at $7.56 on Tuesday. Tredegar has a 12 month low of $3.98 and a 12 month high of $9.22. The company has a current ratio of 0.79, a quick ratio of 0.42 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $259.77 million, a PE ratio of -9.57 and a beta of 0.84. The stock’s fifty day simple moving average is $7.67 and its 200 day simple moving average is $6.53.

Institutional Trading of Tredegar

Large investors have recently bought and sold shares of the business. Gabelli Funds LLC raised its stake in shares of Tredegar by 26.9% in the 2nd quarter. Gabelli Funds LLC now owns 831,500 shares of the basic materials company’s stock valued at $3,983,000 after purchasing an additional 176,091 shares during the period. American Century Companies Inc. raised its position in Tredegar by 66.5% in the 2nd quarter. American Century Companies Inc. now owns 368,376 shares of the basic materials company’s stock valued at $1,765,000 after buying an additional 147,158 shares during the last quarter. Bank of Montreal Can bought a new stake in Tredegar in the 2nd quarter valued at approximately $685,000. Minerva Advisors LLC boosted its position in Tredegar by 3.4% during the 3rd quarter. Minerva Advisors LLC now owns 1,663,107 shares of the basic materials company’s stock worth $12,124,000 after acquiring an additional 55,357 shares during the last quarter. Finally, Barclays PLC grew its stake in shares of Tredegar by 25.0% during the 3rd quarter. Barclays PLC now owns 133,827 shares of the basic materials company’s stock worth $975,000 after acquiring an additional 26,757 shares in the last quarter. 79.24% of the stock is owned by institutional investors.

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.