United-Guardian (NASDAQ:UG) Shares Pass Below 50-Day Moving Average – Should You Sell?

Shares of United-Guardian, Inc. (NASDAQ:UG) crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $14.19 and traded as low as $12.78. United-Guardian shares last traded at $12.81, with a volume of 6,619 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on United-Guardian in a research report on Monday, August 26th. They set a “buy” rating for the company.

United-Guardian Price Performance

The stock has a 50-day moving average of $14.19 and a two-hundred day moving average of $11.26.

United-Guardian (NASDAQ:UG) last released its earnings results on Friday, August 9th. The company reported $0.21 earnings per share for the quarter. The company 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

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Essex Investment Management Co. LLC purchased a new position in shares of United-Guardian during the third quarter valued at approximately $126,000. Renaissance Technologies LLC increased its stake in shares of United-Guardian by 1.1% during the second 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. Finally, Rodgers Brothers Inc. increased its stake in shares of United-Guardian by 5.0% during the first 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. Institutional investors 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.