Tredegar Co. (NYSE:TG – Get Free Report) was the target of a large growth in short interest in January. As of January 15th, there was short interest totalling 213,100 shares, a growth of 29.0% from the December 31st total of 165,200 shares. Approximately 0.7% of the shares of the stock are short sold. Based on an average daily volume of 133,300 shares, the short-interest ratio is currently 1.6 days.
Tredegar Price Performance
NYSE TG traded up $0.07 during trading on Thursday, reaching $7.94. The company’s stock had a trading volume of 58,215 shares, compared to its average volume of 95,874. The stock has a market capitalization of $272.68 million, a PE ratio of -10.05 and a beta of 0.81. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.79 and a quick ratio of 0.42. The firm has a fifty day moving average of $7.71 and a 200 day moving average of $7.01. Tredegar has a one year low of $3.98 and a one year high of $9.22.
Tredegar (NYSE:TG – Get Free Report) last announced its earnings results on Friday, November 8th. The basic materials company reported $0.01 earnings per share for the quarter. The business had revenue of $182.05 million for the quarter. Tredegar had a positive return on equity of 10.10% and a negative net margin of 3.84%.
Wall Street Analysts Forecast Growth
Check Out Our Latest Stock Report on Tredegar
Hedge Funds Weigh In On Tredegar
Several institutional investors have recently modified their holdings of TG. Gladius Capital Management LP bought a new position in shares of Tredegar during the 3rd quarter valued at about $40,000. AQR Capital Management LLC bought a new position in shares of Tredegar during the 2nd quarter valued at about $49,000. XTX Topco Ltd bought a new position in shares of Tredegar during the 2nd quarter valued at about $49,000. FMR LLC increased its position in shares of Tredegar by 161.5% during the 3rd 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 last quarter. Finally, SG Americas Securities LLC bought a new position in shares of Tredegar during the 3rd quarter valued at about $74,000. 79.24% of the stock is currently owned by institutional investors.
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.
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