United-Guardian (NASDAQ:UG) Shares Cross Below 50-Day Moving Average – Here’s What Happened

Shares of United-Guardian, Inc. (NASDAQ:UG) crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $7.03 and traded as low as $6.96. United-Guardian shares last traded at $7.06, with a volume of 4,800 shares traded.

Analyst Upgrades and Downgrades

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

United-Guardian Stock Performance

The stock’s 50-day moving average is $7.03 and its two-hundred day moving average is $6.69. The stock has a market cap of $32.41 million, a PE ratio of 13.58 and a beta of 0.96.

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

Institutional Trading of United-Guardian

Several institutional investors and hedge funds have recently made changes to their positions in the company. Renaissance Technologies LLC boosted its stake in 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 purchasing an additional 1,882 shares during the period. Gamco Investors INC. ET AL raised its holdings in shares of United-Guardian by 1.2% in the first quarter. Gamco Investors INC. ET AL now owns 164,388 shares of the company’s stock valued at $1,101,000 after buying an additional 1,888 shares during the last quarter. Teton Advisors LLC acquired a new stake in shares of United-Guardian during the third quarter worth about $424,000. Finally, Geode Capital Management LLC boosted its stake in shares of United-Guardian by 8.2% during the fourth 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 during the period. 23.16% of the stock is owned by hedge funds and other institutional investors.

United-Guardian Company Profile

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.