Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Tredegar (TG) Share Price
News headlines about Tredegar (NYSE:TG) have been trending somewhat positive recently, according to Accern. Accern scores the sentiment of news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Tredegar earned a news impact score of 0.11 on Accern’s scale. Accern also gave media headlines about the basic materials company an impact score of 46.1725645216499 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
A number of brokerages have recently issued reports on TG. TheStreet raised shares of Tredegar from a “c+” rating to a “b-” rating in a research note on Friday, August 25th. BidaskClub raised shares of Tredegar from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 5th.
Shares of Tredegar (NYSE TG) traded down $0.25 during midday trading on Friday, hitting $19.45. 55,435 shares of the stock were exchanged, compared to its average volume of 47,350. The company has a current ratio of 1.88, a quick ratio of 1.28 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $642.38, a PE ratio of 24.01 and a beta of 1.75. Tredegar has a 1 year low of $14.65 and a 1 year high of $25.60.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 1st. Stockholders of record on Friday, December 15th will be paid a $0.11 dividend. The ex-dividend date is Thursday, December 14th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.26%. Tredegar’s dividend payout ratio (DPR) is presently 25.14%.
In related news, major shareholder Gamco Investors, Inc. Et Al sold 1,500 shares of the company’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $18.25, for a total transaction of $27,375.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last 90 days, insiders have purchased 38,000 shares of company stock valued at $5,700. 12.59% of the stock is owned by company insiders.
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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