United-Guardian (NASDAQ:UG) was downgraded by ValuEngine from a “buy” rating to a “hold” rating in a report issued on Tuesday.

United-Guardian stock traded down $0.25 during midday trading on Tuesday, hitting $16.85. 6,800 shares of the company were exchanged, compared to its average volume of 3,537. United-Guardian has a fifty-two week low of $15.00 and a fifty-two week high of $21.33. The firm has a market cap of $78.79 million, a price-to-earnings ratio of 17.32 and a beta of -0.12.

United-Guardian (NASDAQ:UG) last issued its quarterly earnings data on Wednesday, August 8th. The company reported $0.30 EPS for the quarter. United-Guardian had a return on equity of 36.25% and a net margin of 32.82%. The company had revenue of $3.96 million for the quarter.

A number of institutional investors and hedge funds have recently modified their holdings of UG. Acadian Asset Management LLC lifted its position in shares of United-Guardian by 371.4% in the second quarter. Acadian Asset Management LLC now owns 5,364 shares of the company’s stock valued at $103,000 after acquiring an additional 4,226 shares in the last quarter. First Manhattan Co. lifted its position in shares of United-Guardian by 21.3% in the second quarter. First Manhattan Co. now owns 17,062 shares of the company’s stock valued at $326,000 after acquiring an additional 3,000 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its position in shares of United-Guardian by 5.6% in the second quarter. Renaissance Technologies LLC now owns 233,300 shares of the company’s stock valued at $4,468,000 after acquiring an additional 12,400 shares in the last quarter. 24.13% of the stock is currently owned by institutional investors.

United-Guardian Company Profile

United-Guardian, Inc manufactures and markets cosmetic ingredients, personal care products, pharmaceuticals, medical lubricants, healthcare products, and specialty industrial products in the United States and internationally. It offers personal care products, including LUBRAJEL line of water-based moisturizing and lubricating gel formulations; LUBRAJEL II XD; ORCHID COMPLEX, an oil-soluble base for skin creams, lotions, cleansers, and other cosmetics; LUBRASLIDE and B-122 powdered lubricants for use in the manufacture of pressed powders, eyeliners, and rouges; KLENSOFT, a surfactant for use in shampoos, shower gels, makeup removers, and other cosmetic formulations; and LUBRASIL, a special form of LUBRAJEL in which silicone oil is incorporated into a LUBRAJEL base.

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