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 research note issued to investors on Wednesday.

Tredegar Trading Up 2.0 %

Shares of TG stock opened at $7.06 on Wednesday. The firm has a 50-day moving average price of $7.78 and a 200 day moving average price of $7.39. Tredegar has a twelve month low of $3.98 and a twelve month high of $9.22. The company has a market capitalization of $242.59 million, a price-to-earnings ratio of -8.94 and a beta of 0.81. The company has a current ratio of 0.79, a quick ratio of 0.42 and a debt-to-equity ratio of 0.13.

Institutional Trading of Tredegar

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TG. Gladius Capital Management LP purchased a new stake in Tredegar in the 3rd quarter valued at about $40,000. FMR LLC grew its holdings in Tredegar by 161.5% in the 3rd quarter. FMR LLC now owns 9,445 shares of the basic materials company’s stock valued at $69,000 after buying an additional 5,833 shares during the period. Occudo Quantitative Strategies LP purchased a new stake in Tredegar in the 4th quarter valued at about $78,000. Price T Rowe Associates Inc. MD purchased a new stake in shares of Tredegar during the 4th quarter worth about $80,000. Finally, D Orazio & Associates Inc. purchased a new stake in shares of Tredegar during the 4th quarter worth about $84,000. Hedge funds and other institutional investors own 79.24% of the company’s stock.

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.