United-Guardian (NASDAQ:UG) Shares Cross Above 50-Day Moving Average – Here’s Why

United-Guardian, Inc. (NASDAQ:UG)’s stock price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $7.24 and traded as high as $7.28. United-Guardian shares last traded at $7.15, with a volume of 4,318 shares trading hands.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of United-Guardian from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, July 21st. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, United-Guardian has an average rating of “Hold”.

United-Guardian Price Performance

The firm has a market cap of $32.82 million, a price-to-earnings ratio of 13.24 and a beta of 0.95. The stock has a 50-day moving average of $7.24 and a 200-day moving average of $6.94.

United-Guardian (NASDAQ:UG) last posted its quarterly earnings results on Friday, August 7th. The company reported $0.16 EPS for the quarter. United-Guardian had a return on equity of 22.24% and a net margin of 22.01%.The business had revenue of $3.11 million during the quarter.

United-Guardian Dividend Announcement

The company also recently announced a dividend, which was paid on Tuesday, August 4th. Stockholders of record on Tuesday, July 28th were given a $0.30 dividend. The ex-dividend date was Tuesday, July 28th. This represents a dividend yield of 819.0%. United-Guardian’s payout ratio is presently 111.11%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in UG. Gamco Investors INC. ET AL lifted its stake in United-Guardian by 1.9% during the fourth quarter. Gamco Investors INC. ET AL now owns 162,500 shares of the company’s stock worth $1,001,000 after purchasing an additional 3,000 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of United-Guardian by 8.2% during the 4th quarter. Geode Capital Management LLC now owns 35,560 shares of the company’s stock worth $219,000 after buying an additional 2,691 shares during the last quarter. Renaissance Technologies LLC boosted its stake in United-Guardian by 1.0% in the fourth 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 in the last quarter. Finally, BlackRock Inc. bought a new position in United-Guardian in the second quarter valued at about $105,000. 23.16% of the stock is owned by institutional investors.

United-Guardian Company Profile

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.