United-Guardian (NASDAQ:UG) Share Price Passes Above 50 Day Moving Average – What’s Next?

United-Guardian, Inc. (NASDAQ:UG)’s share price crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $6.94 and traded as high as $7.14. United-Guardian shares last traded at $7.04, with a volume of 8,993 shares changing hands.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of United-Guardian from a “sell (d)” rating to a “hold (c-)” rating in a report on Friday, April 10th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, United-Guardian has an average rating of “Hold”.

United-Guardian Stock Performance

The stock has a market cap of $32.34 million, a PE ratio of 13.54 and a beta of 0.96. The business has a fifty day simple moving average of $6.95 and a two-hundred day simple moving average of $6.61.

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

Institutional Trading of United-Guardian

A number of institutional investors have recently bought and sold shares of the stock. Gamco Investors INC. ET AL increased its position in United-Guardian by 1.2% during the first quarter. Gamco Investors INC. ET AL now owns 164,388 shares of the company’s stock valued at $1,101,000 after acquiring an additional 1,888 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of United-Guardian by 1.0% in the fourth quarter. Renaissance Technologies LLC now owns 186,645 shares of the company’s stock valued at $1,150,000 after acquiring an additional 1,882 shares during the period. Geode Capital Management LLC lifted its holdings in shares of United-Guardian by 8.2% in the 4th quarter. Geode Capital Management LLC now owns 35,560 shares of the company’s stock worth $219,000 after acquiring an additional 2,691 shares during the last quarter. Teton Advisors LLC bought a new stake in shares of United-Guardian in the 3rd quarter worth about $424,000. Finally, Hikari Tsushin Inc. purchased a new position in shares of United-Guardian during the 3rd quarter worth about $75,000. 23.16% of the stock is currently owned by institutional investors.

About United-Guardian

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.