Somewhat Positive Press Coverage Somewhat Unlikely to Impact Tredegar Corporation (TG) Share Price
Media stories about Tredegar Corporation (NYSE:TG) have trended somewhat positive on Tuesday, Accern Sentiment Analysis reports. The research group identifies negative and positive media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Tredegar Corporation earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave press coverage about the basic materials company an impact score of 46.3941194822128 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Tredegar Corporation (TG) traded up 0.31% on Tuesday, hitting $16.10. 10,697 shares of the stock traded hands. Tredegar Corporation has a 52-week low of $14.65 and a 52-week high of $25.60. The company’s 50 day moving average price is $16.24 and its 200-day moving average price is $16.45. The stock has a market cap of $530.66 million, a price-to-earnings ratio of 8.60 and a beta of 1.74.
The company also recently disclosed a quarterly dividend, which will be paid on Sunday, October 1st. Stockholders of record on Friday, September 15th will be given a dividend of $0.11 per share. The ex-dividend date is Thursday, September 14th. This represents a $0.44 annualized dividend and a dividend yield of 2.74%. Tredegar Corporation’s payout ratio is 23.53%.
Several research analysts have recently weighed in on TG shares. BidaskClub raised shares of Tredegar Corporation from a “strong sell” rating to a “sell” rating in a report on Saturday, August 5th. TheStreet raised shares of Tredegar Corporation from a “c+” rating to a “b-” rating in a report on Friday, August 25th.
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About Tredegar Corporation
Tredegar Corporation is engaged in the manufacture of polyethylene plastic films, polyester films and aluminum extrusions. The Company’s segments are PE Films, Flexible Packaging Films and Aluminum Extrusions. The PE Films segment manufactures plastic films, elastics and laminate materials utilized in personal care materials, surface protection films and specialty and optical lighting applications.
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