Tredegar (NYSE:TG) Upgraded at StockNews.com

StockNews.com upgraded shares of Tredegar (NYSE:TG) from a hold rating to a buy rating in a report published on Wednesday.

Tredegar Stock Up 0.1 %

Shares of TG stock opened at $6.94 on Wednesday. The stock has a 50 day moving average of $7.81 and a 200 day moving average of $7.40. 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 stock has a market cap of $238.29 million, a P/E ratio of -8.78 and a beta of 0.81. Tredegar has a twelve month low of $3.98 and a twelve month high of $9.22.

Institutional Trading of Tredegar

Institutional investors have recently bought and sold shares of the business. Gladius Capital Management LP acquired a new stake in Tredegar in the third quarter valued at approximately $40,000. FMR LLC grew its holdings in Tredegar by 161.5% in the third quarter. FMR LLC now owns 9,445 shares of the basic materials company’s stock valued at $69,000 after purchasing an additional 5,833 shares during the period. Occudo Quantitative Strategies LP acquired a new stake in Tredegar in the fourth quarter valued at approximately $78,000. Price T Rowe Associates Inc. MD acquired a new stake in Tredegar in the fourth quarter valued at approximately $80,000. Finally, D Orazio & Associates Inc. acquired a new stake in Tredegar in the fourth quarter valued at approximately $84,000. 79.24% of the stock is owned by institutional investors and hedge funds.

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.