Somewhat Positive News Coverage Somewhat Unlikely to Affect Tredegar (TG) Stock Price

News headlines about Tredegar (NYSE:TG) have trended somewhat positive on Monday, Accern reports. Accern scores the sentiment of press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Tredegar earned a news impact score of 0.08 on Accern’s scale. Accern also assigned news headlines about the basic materials company an impact score of 46.2284892964144 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

Tredegar (NYSE TG) traded up $0.05 on Monday, hitting $19.50. The company had a trading volume of 376,000 shares, compared to its average volume of 74,074. The firm has a market cap of $644.03, a PE ratio of 24.07 and a beta of 1.75. The company has a current ratio of 1.88, a quick ratio of 1.28 and a debt-to-equity ratio of 0.47. Tredegar has a 1-year low of $14.65 and a 1-year high of $25.15.

Tredegar (NYSE:TG) last released its quarterly earnings results on Tuesday, October 31st. The basic materials company reported $0.28 earnings per share for the quarter. The business had revenue of $247.16 million for the quarter. Tredegar had a return on equity of 7.96% and a net margin of 6.06%.

The company also recently declared a quarterly dividend, which will be paid on Monday, January 1st. Investors of record on Friday, December 15th will be issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date of this dividend is Thursday, December 14th. Tredegar’s dividend payout ratio is currently 25.14%.

Separately, TheStreet raised Tredegar from a “c+” rating to a “b-” rating in a research note on Friday, August 25th.

In related news, major shareholder Gamco Investors, Inc. Et Al sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $18.25, for a total value of $27,375.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In the last 90 days, insiders purchased 38,000 shares of company stock worth $5,700. Insiders own 12.59% of the company’s stock.

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Tredegar Company Profile

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.

Insider Buying and Selling by Quarter for Tredegar (NYSE:TG)

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