United-Guardian (NASDAQ:UG) Stock Price Passes Above 50 Day Moving Average – Here’s Why

United-Guardian, Inc. (NASDAQ:UG) shares crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $7.21 and traded as high as $7.38. United-Guardian shares last traded at $7.12, with a volume of 9,936 shares.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded United-Guardian from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, July 21st. One equities 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 Trading Up 1.5%

The firm has a market cap of $33.09 million, a P/E ratio of 13.87 and a beta of 0.95. The business’s fifty day moving average price is $7.21 and its two-hundred day moving average price is $6.90.

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

United-Guardian Dividend Announcement

The business also recently declared a dividend, which was paid on Tuesday, August 4th. Stockholders of record on Tuesday, July 28th were paid a dividend of $0.30 per share. This represents a dividend yield of 819.0%. The ex-dividend date was Tuesday, July 28th. United-Guardian’s dividend payout ratio is 115.38%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in UG. Geode Capital Management LLC raised its position in shares of United-Guardian by 8.2% in the fourth quarter. Geode Capital Management LLC now owns 35,560 shares of the company’s stock valued at $219,000 after purchasing an additional 2,691 shares during the period. Renaissance Technologies LLC grew its stake in United-Guardian by 1.0% in the 4th quarter. Renaissance Technologies LLC now owns 186,645 shares of the company’s stock valued at $1,150,000 after buying an additional 1,882 shares during the last quarter. Finally, Gamco Investors INC. ET AL raised its holdings in United-Guardian by 1.2% in the 1st quarter. Gamco Investors INC. ET AL now owns 164,388 shares of the company’s stock worth $1,101,000 after acquiring an additional 1,888 shares during the period. Institutional investors and hedge funds 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.