United-Guardian (NASDAQ:UG) Shares Cross Below Fifty Day Moving Average – Here’s What Happened

United-Guardian, Inc. (NASDAQ:UG)’s share price passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $6.54 and traded as low as $6.53. United-Guardian shares last traded at $6.72, with a volume of 3,154 shares changing hands.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of United-Guardian in a research report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

United-Guardian Trading Up 1.8%

The stock has a market cap of $30.84 million, a P/E ratio of 15.63 and a beta of 1.01. The company’s 50-day simple moving average is $6.54 and its 200 day simple moving average is $6.96.

United-Guardian Announces Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, February 17th. Shareholders of record on Monday, February 9th were given a $0.25 dividend. The ex-dividend date of this dividend was Monday, February 9th. This represents a yield of 713.0%. United-Guardian’s payout ratio is currently 116.28%.

Institutional Investors Weigh In On United-Guardian

Large investors have recently modified their holdings of the stock. Hikari Tsushin Inc. purchased a new position in United-Guardian in the third quarter valued at approximately $75,000. Geode Capital Management LLC raised its stake in shares of United-Guardian by 8.2% in the fourth quarter. Geode Capital Management LLC now owns 35,560 shares of the company’s stock valued at $219,000 after buying an additional 2,691 shares during the period. Teton Advisors LLC purchased a new position in shares of United-Guardian during the 3rd quarter valued at $424,000. Gamco Investors INC. ET AL grew its stake in shares of United-Guardian by 1.9% during the 4th quarter. Gamco Investors INC. ET AL now owns 162,500 shares of the company’s stock worth $1,001,000 after acquiring an additional 3,000 shares during the period. Finally, Renaissance Technologies LLC grew its stake in shares of United-Guardian by 1.0% during the 4th quarter. Renaissance Technologies LLC now owns 186,645 shares of the company’s stock worth $1,150,000 after acquiring an additional 1,882 shares during the period. Hedge funds and other institutional investors own 23.16% of the company’s stock.

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.