United-Guardian (NASDAQ:UG) Share Price Crosses Above 50-Day Moving Average – Here’s Why

United-Guardian, Inc. (NASDAQ:UG)’s share price crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $6.68 and traded as high as $7.16. United-Guardian shares last traded at $7.16, with a volume of 3,335 shares traded.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded United-Guardian from a “sell (d)” rating to a “hold (c-)” rating in a report on Friday, April 10th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold”.

United-Guardian Trading Down 0.1%

The firm’s 50-day moving average is $6.68 and its 200-day moving average is $6.51. The firm has a market cap of $32.86 million, a price-to-earnings ratio of 13.77 and a beta of 0.97.

United-Guardian (NASDAQ:UG) last posted its quarterly earnings results on Friday, May 8th. The company reported $0.18 earnings per share (EPS) for the quarter. United-Guardian had a net margin of 21.62% and a return on equity of 21.40%. The business had revenue of $2.87 million during the quarter.

Hedge Funds Weigh In On United-Guardian

Several large investors have recently bought and sold shares of UG. Teton Advisors LLC bought a new position in United-Guardian during the 3rd quarter valued at $424,000. Hikari Tsushin Inc. bought a new position in United-Guardian during the 3rd quarter valued at $75,000. Gamco Investors INC. ET AL lifted its stake in United-Guardian by 1.9% during the 4th quarter. Gamco Investors INC. ET AL now owns 162,500 shares of the company’s stock valued at $1,001,000 after acquiring an additional 3,000 shares in the last quarter. Geode Capital Management LLC lifted its stake in United-Guardian by 8.2% during the 4th quarter. Geode Capital Management LLC now owns 35,560 shares of the company’s stock valued at $219,000 after acquiring an additional 2,691 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its stake in United-Guardian by 1.0% during the 4th quarter. Renaissance Technologies LLC now owns 186,645 shares of the company’s stock valued at $1,150,000 after acquiring an additional 1,882 shares in the last quarter. 23.16% of the stock is currently owned by institutional investors.

About United-Guardian

United-Guardian, Inc, headquartered in Hauppauge, New York, develops and supplies specialty ingredients and finished products for the personal care, cosmetic and esthetic markets. Its Specialty Ingredients segment offers antimicrobial preservatives, conditioning polymers, emulsifiers, UV filters and other functional actives that are incorporated into lotions, creams, shampoos and professional esthetic formulations.

The company’s Finished Products segment markets a range of skin and hair care items under the Guardian brand, providing private-label and contract manufacturing services to spas, salons and dermatology clinics.