Tredegar (NYSE:TG) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Tredegar Co. (NYSE:TG) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $6.76 and traded as high as $7.68. Tredegar shares last traded at $7.65, with a volume of 77,691 shares trading hands.

Analysts Set New Price Targets

Separately, StockNews.com lowered Tredegar from a “buy” rating to a “hold” rating in a research report on Tuesday, December 31st.

Tredegar Price Performance

The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.42 and a current ratio of 0.79. The company has a market capitalization of $272.83 million, a price-to-earnings ratio of -10.05 and a beta of 0.81. The company has a 50-day moving average price of $7.61 and a 200-day moving average price of $6.78.

Institutional Investors Weigh In On Tredegar

Large investors have recently bought and sold shares of the company. Gladius Capital Management LP acquired a new position in shares of Tredegar in the 3rd quarter valued at $40,000. XTX Topco Ltd acquired a new stake in Tredegar during the 2nd quarter worth $49,000. AQR Capital Management LLC bought a new position in Tredegar during the second quarter worth about $49,000. FMR LLC increased its holdings in shares of Tredegar by 161.5% in the third quarter. FMR LLC now owns 9,445 shares of the basic materials company’s stock worth $69,000 after acquiring an additional 5,833 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of Tredegar in the third quarter worth about $74,000. 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.