United-Guardian (NASDAQ:UG) Share Price Passes Below 50-Day Moving Average – Time to Sell?

United-Guardian, Inc. (NASDAQ:UG) passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $13.72 and traded as low as $12.11. United-Guardian shares last traded at $12.68, with a volume of 10,365 shares traded.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on United-Guardian in a research note on Monday, August 26th. They issued a “buy” rating on the stock.

United-Guardian Price Performance

The firm’s 50-day moving average price is $13.72 and its 200-day moving average price is $10.71. The company has a market cap of $58.20 million, a price-to-earnings ratio of 21.13 and a beta of 0.82.

United-Guardian (NASDAQ:UG) last posted its earnings results on Friday, August 9th. The company reported $0.21 earnings per share (EPS) for the quarter. The business had revenue of $3.39 million during the quarter. United-Guardian had a return on equity of 28.64% and a net margin of 26.36%.

Institutional Trading of United-Guardian

A number of hedge funds have recently made changes to their positions in UG. Renaissance Technologies LLC lifted its stake in United-Guardian by 1.1% during the second quarter. Renaissance Technologies LLC now owns 187,563 shares of the company’s stock worth $1,677,000 after purchasing an additional 2,100 shares during the last quarter. Rodgers Brothers Inc. boosted its holdings in shares of United-Guardian by 5.0% in the 1st quarter. Rodgers Brothers Inc. now owns 100,100 shares of the company’s stock valued at $766,000 after buying an additional 4,750 shares during the period. Finally, Essex Investment Management Co. LLC bought a new stake in shares of United-Guardian during the 3rd quarter valued at about $126,000. Institutional investors and hedge funds own 23.16% of the company’s stock.

About United-Guardian

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.