Tredegar (NYSE:TG) Releases Earnings Results

Tredegar (NYSE:TG) released its quarterly earnings data on Wednesday. The basic materials company reported $0.06 earnings per share for the quarter, Zacks reports. Tredegar had a negative net margin of 3.84% and a positive return on equity of 10.10%. The firm had revenue of $154.05 million for the quarter.

Tredegar Trading Down 4.6 %

Tredegar stock opened at $7.26 on Friday. The firm has a 50-day moving average price of $7.73 and a two-hundred day moving average price of $7.44. Tredegar has a 52-week low of $3.98 and a 52-week high of $9.22. The firm has a market capitalization of $249.50 million, a price-to-earnings ratio of -9.19 and a beta of 0.75. The company has a quick ratio of 0.42, a current ratio of 0.79 and a debt-to-equity ratio of 0.13.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Tredegar from a “buy” rating to a “hold” rating in a report on Thursday.

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.