United-Guardian (NASDAQ:UG) Stock Crosses 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 $11.01 and traded as low as $9.50. United-Guardian shares last traded at $9.65, with a volume of 1,607 shares trading hands.

United-Guardian Trading Up 1.2 %

The firm has a market cap of $44.29 million, a PE ratio of 12.70 and a beta of 0.75. The business’s 50-day simple moving average is $11.01 and its 200 day simple moving average is $11.73.

United-Guardian (NASDAQ:UG) last released its quarterly earnings results on Friday, November 8th. The company reported $0.19 EPS for the quarter. United-Guardian had a net margin of 28.30% and a return on equity of 30.25%. The business had revenue of $3.06 million during the quarter.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of UG. Essex Investment Management Co. LLC purchased a new stake in United-Guardian in the third quarter valued at $126,000. Geode Capital Management LLC raised its stake in shares of United-Guardian by 8.3% during the 3rd quarter. Geode Capital Management LLC now owns 28,335 shares of the company’s stock valued at $450,000 after buying an additional 2,170 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in shares of United-Guardian by 1.1% in the 2nd quarter. Renaissance Technologies LLC now owns 187,563 shares of the company’s stock valued at $1,677,000 after buying an additional 2,100 shares during the period. 23.16% of the stock is currently owned by hedge funds and other institutional investors.

United-Guardian Company Profile

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.