Tredegar (NYSE:TG) Share Price Passes Above 200 Day Moving Average – Should You Sell?

Tredegar Co. (NYSE:TG) shares crossed 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.

Wall Street Analyst Weigh In

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

Tredegar Stock Performance

The stock has a fifty day moving average price of $7.61 and a 200-day moving average price of $6.78. 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 firm has a market capitalization of $272.83 million, a price-to-earnings ratio of -10.05 and a beta of 0.81.

Hedge Funds Weigh In On Tredegar

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Gladius Capital Management LP bought a new position in shares of Tredegar in the third quarter valued at approximately $40,000. XTX Topco Ltd bought a new stake in shares of Tredegar during the second quarter worth $49,000. AQR Capital Management LLC acquired a new stake in shares of Tredegar in the second quarter valued at $49,000. FMR LLC raised 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 valued at $69,000 after buying an additional 5,833 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in Tredegar during the 3rd quarter worth about $74,000. 79.24% of the stock is currently 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.