Tredegar Corp Down 15.07% To $8.00 After Earnings

Tredegar Corp (TG) reported less than expected earnings this morning for Q1 2023.





The stock is down 15.07% to $8.00 after the report.

The firm's lower revenue growth to earnings signals that the firm has been able to reduce costs and improve its profit margin overall.

InvestorsObserver gives the stock a Bullish Sentiment score at the moment based on recent trading.

Tredegar Corp has performed poorly during the past few months, garnering a low Long-Term Technical Rank by InvestorsObserver of 19, putting Tredegar Corp in the bottom 25% of stocks. The firm was recently trading at a 52-week low of $8.56 on March 24, 2023 and set a 52-week high on June 7, 2022 at $12.67.

Tredegar Corporation is a global leader in the plastic films and aluminum extrusion industries. Recognized for a wide range of capabilities in polyethylene, polypropylene, elastics and polyester films in addition to custom aluminum extrusions for multiple end-use markets including building and construction, automotive, consumer durables, machinery and equipment and electrical and distribution markets. With a global footprint and local supply capabilities, we support demand for films applications in diverse end-use markets, including personal care, electronic display, food packaging and lighting. With strategically located global operations and a culture focused on innovative research and development, Tredegar Corporation is well positioned to expand its reach in diverse markets around the world. Headquartered in Richmond, VA, USA, Tredegar Corporation, (NYSE:TG), has 3200+ employees and 13 locations throughout North America, Europe, Asia, and South America.