United-Guardian (NASDAQ:UG) Share Price Passes Above Fifty Day Moving Average – Here’s Why

United-Guardian, Inc. (NASDAQ:UG) shares crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $6.62 and traded as high as $6.68. United-Guardian shares last traded at $6.68, with a volume of 995 shares traded.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of United-Guardian in a report on Monday, December 29th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

United-Guardian Price Performance

The stock has a 50 day simple moving average of $6.62 and a two-hundred day simple moving average of $6.87. The company has a market cap of $30.66 million, a price-to-earnings ratio of 15.53 and a beta of 1.01.

United-Guardian Announces Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, February 17th. Investors of record on Monday, February 9th were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, February 9th. This represents a dividend yield of 713.0%. United-Guardian’s dividend payout ratio is currently 116.28%.

Hedge Funds Weigh In On United-Guardian

Institutional investors have recently bought and sold shares of the company. Renaissance Technologies LLC raised its stake in United-Guardian by 1.0% during the fourth 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. Geode Capital Management LLC grew its stake 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 valued at $219,000 after buying an additional 2,691 shares during the period. Gamco Investors INC. ET AL increased its holdings in shares of United-Guardian by 1.9% during the 4th quarter. Gamco Investors INC. ET AL now owns 162,500 shares of the company’s stock worth $1,001,000 after buying an additional 3,000 shares during the last quarter. Teton Advisors LLC acquired a new stake in shares of United-Guardian during the 3rd quarter worth approximately $424,000. Finally, Hikari Tsushin Inc. purchased a new stake in shares of United-Guardian during the 3rd quarter valued at approximately $75,000. 23.16% of the stock is owned by hedge funds and other institutional investors.

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.