News articles about Tredegar Corporation (NYSE:TG) have been trending somewhat positive recently, according to Accern. The research group identifies negative and positive press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Tredegar Corporation earned a media sentiment score of 0.20 on Accern’s scale. Accern also assigned media headlines about the basic materials company an impact score of 47.5601848869815 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Separately, BidaskClub raised Tredegar Corporation from a “strong sell” rating to a “sell” rating in a report on Saturday, August 5th.
Tredegar Corporation (NYSE:TG) traded down 1.50% during trading on Friday, reaching $16.45. The company’s stock had a trading volume of 94,212 shares. Tredegar Corporation has a 52-week low of $14.65 and a 52-week high of $25.60. The firm’s 50-day moving average is $15.58 and its 200-day moving average is $17.43. The stock has a market cap of $542.19 million, a P/E ratio of 8.79 and a beta of 1.77.
The company also recently disclosed a quarterly dividend, which will be paid on Sunday, October 1st. Shareholders of record on Friday, September 15th will be given a dividend of $0.11 per share. The ex-dividend date is Thursday, September 14th. This represents a $0.44 annualized dividend and a yield of 2.67%. Tredegar Corporation’s dividend payout ratio is currently 23.53%.
About Tredegar Corporation
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.
Receive News & Ratings for Tredegar Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tredegar Corporation and related companies with MarketBeat.com's FREE daily email newsletter.