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

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.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded 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, Based on data from MarketBeat, the stock has an average rating of “Hold”.

United-Guardian Price Performance

The company has a market capitalization of $33.32 million, a P/E ratio of 13.96 and a beta of 0.96. The firm has a 50-day moving average price of $7.04 and a two-hundred day moving average price of $6.70.

United-Guardian (NASDAQ:UG) last announced its earnings results on Friday, May 8th. The company reported $0.18 earnings per share (EPS) for the quarter. The business 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 Investors Weigh In On United-Guardian

Hedge funds have recently made changes to their positions in the stock. Teton Advisors LLC acquired a new stake in United-Guardian during the third quarter worth about $424,000. Gamco Investors INC. ET AL raised its holdings in United-Guardian by 1.9% in the 4th quarter. Gamco Investors INC. ET AL now owns 162,500 shares of the company’s stock valued at $1,001,000 after acquiring an additional 3,000 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of United-Guardian by 8.2% in the 4th quarter. Geode Capital Management LLC now owns 35,560 shares of the company’s stock worth $219,000 after acquiring an additional 2,691 shares during the period. Finally, Renaissance Technologies LLC lifted its position in shares of United-Guardian by 1.0% in the 4th quarter. Renaissance Technologies LLC now owns 186,645 shares of the company’s stock worth $1,150,000 after acquiring an additional 1,882 shares during the period. Institutional investors own 23.16% of the company’s stock.

About United-Guardian

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.