StockNews.com Begins Coverage on United-Guardian (NASDAQ:UG)

StockNews.com assumed coverage on shares of United-Guardian (NASDAQ:UG) in a report released on Tuesday. The brokerage set a “buy” rating on the stock.

United-Guardian Stock Up 0.3 %

Shares of United-Guardian stock opened at $7.91 on Tuesday. The company has a market capitalization of $36.34 million, a price-to-earnings ratio of 10.41 and a beta of 0.85. United-Guardian has a 12-month low of $7.73 and a 12-month high of $16.25. The firm’s 50-day moving average price is $9.13 and its two-hundred day moving average price is $10.26.

United-Guardian (NASDAQ:UG) last posted its quarterly earnings results on Friday, March 21st. The company reported $0.11 earnings per share for the quarter. The company had revenue of $2.48 million for the quarter. United-Guardian had a net margin of 28.30% and a return on equity of 30.25%.

Institutional Investors Weigh In On United-Guardian

Several institutional investors and hedge funds have recently added to or reduced their stakes in UG. United Capital Financial Advisors LLC purchased a new stake in shares of United-Guardian during the 4th quarter worth approximately $192,000. Heron Bay Capital Management purchased a new stake in shares of United-Guardian during the 4th quarter worth approximately $135,000. Northern Trust Corp increased its stake in shares of United-Guardian by 69.5% during the 4th quarter. Northern Trust Corp now owns 25,527 shares of the company’s stock worth $244,000 after purchasing an additional 10,466 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of United-Guardian by 4.3% during the 4th quarter. Renaissance Technologies LLC now owns 190,163 shares of the company’s stock worth $1,818,000 after purchasing an additional 7,800 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of United-Guardian by 10.3% during the fourth quarter. Geode Capital Management LLC now owns 31,264 shares of the company’s stock worth $302,000 after acquiring an additional 2,929 shares in the last quarter. Hedge funds and other institutional investors own 23.16% of the company’s stock.

About United-Guardian

United-Guardian, Inc manufactures and markets cosmetic ingredients, pharmaceuticals, medical lubricants, and proprietary specialty industrial products in the United States and internationally The company offers cosmetic ingredients, including LUBRAJEL, a line of water-based gel formulation for sensory enhancement, lubrication, and texture to personal care products; LUBRAJEL NATURAL for skin moisturizing; LUBRAJEL MARINE that develops natural products using naturally derived polymers; LUBRAJEL OlL NATURAL, which makes luxuriant textures without adding viscosity; LUBRAJEL TERRA, a multifunctional, moisturizing hydrogel products; LUBRASIL II SB, a formulation of LUBRAJEL; LUBRAJEL II XD; B-122, a powdered lubricant used in the manufacture of pressed powders, eyeliners, rouges, and industrial products; and ORCHID COMPLEX, an oil-soluble base for extract of fresh orchids used in fragrance products, such as perfumes and toiletries.