Somewhat Positive Press Coverage Somewhat Unlikely to Impact Tredegar Corporation (TG) Stock Price
News articles about Tredegar Corporation (NYSE:TG) have been trending somewhat positive on Friday, Accern reports. The research group rates the sentiment of press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Tredegar Corporation earned a news impact score of 0.07 on Accern’s scale. Accern also gave headlines about the basic materials company an impact score of 46.1525530575713 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s rankings:
- Gamco Investors, Inc. Et Al Sells 1,500 Shares of Tredegar Corporation (TG) Stock (americanbankingnews.com)
- Tredegar Corp. :TG-US: Earnings Analysis: Q2, 2017 By the Numbers : September 29, 2017 (finance.yahoo.com)
- ETFs with exposure to Tredegar Corp. : October 2, 2017 (finance.yahoo.com)
- Tredegar Corp. : TG-US: Dividend Analysis : September 15th, 2017 (record date) : By the numbers : October 3, 2017 (finance.yahoo.com)
A number of analysts have commented on TG shares. TheStreet raised Tredegar Corporation from a “c+” rating to a “b-” rating in a report on Friday, August 25th. BidaskClub raised Tredegar Corporation from a “strong sell” rating to a “sell” rating in a report on Saturday, August 5th.
Shares of Tredegar Corporation (NYSE:TG) traded down 3.40% during mid-day trading on Friday, reaching $18.45. The company’s stock had a trading volume of 17,235 shares. The company has a market cap of $608.11 million, a P/E ratio of 9.86 and a beta of 1.73. The company has a 50-day moving average of $16.94 and a 200-day moving average of $16.37. Tredegar Corporation has a 12 month low of $14.65 and a 12 month high of $25.60.
The firm also recently announced a quarterly dividend, which was paid on Sunday, October 1st. Stockholders of record on Friday, September 15th were issued a dividend of $0.11 per share. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $0.44 annualized dividend and a dividend yield of 2.30%. Tredegar Corporation’s payout ratio is 23.53%.
In other news, major shareholder Gamco Investors, Inc. Et Al sold 1,500 shares of Tredegar Corporation stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $18.25, for a total transaction of $27,375.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 12.59% of the stock is currently owned by company insiders.
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Tredegar Corporation 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.
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