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

United-Guardian, Inc. (NASDAQ:UG)’s share price passed above its fifty day moving average during trading on Friday . The stock has a fifty 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 changing hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of United-Guardian from a “sell (d)” rating to a “hold (c-)” rating in a report on Friday, April 10th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, United-Guardian presently has a consensus rating of “Hold”.

United-Guardian Trading Down 0.1%

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

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

Hedge Funds Weigh In On United-Guardian

Institutional investors and hedge funds have recently modified their holdings of the business. Renaissance Technologies LLC boosted its holdings 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 buying an additional 1,882 shares in the last quarter. Teton Advisors LLC bought a new position in shares of United-Guardian during the 3rd quarter worth approximately $424,000. Gamco Investors INC. ET AL boosted its holdings 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 buying an additional 3,000 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of United-Guardian by 8.2% during the 4th quarter. Geode Capital Management LLC now owns 35,560 shares of the company’s stock worth $219,000 after buying an additional 2,691 shares in the last quarter. Finally, Hikari Tsushin Inc. bought a new position in shares of United-Guardian during the 3rd quarter worth approximately $75,000. 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.