United-Guardian (NASDAQ:UG) Now Covered by StockNews.com

Stock analysts at StockNews.com started coverage on shares of United-Guardian (NASDAQ:UG) in a note issued to investors on Thursday. The firm set a “buy” rating on the stock.

United-Guardian Stock Down 3.8 %

UG stock opened at $7.60 on Thursday. The company’s 50-day simple moving average is $8.11 and its 200-day simple moving average is $7.66. United-Guardian has a 52-week low of $5.79 and a 52-week high of $10.25. The firm has a market cap of $34.88 million, a P/E ratio of 13.57 and a beta of 0.73.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Wells Fargo & Company MN lifted its stake in United-Guardian by 277.1% in the 2nd quarter. Wells Fargo & Company MN now owns 4,521 shares of the company’s stock worth $37,000 after purchasing an additional 3,322 shares in the last quarter. Citadel Advisors LLC lifted its stake in United-Guardian by 55.4% in the 2nd quarter. Citadel Advisors LLC now owns 15,694 shares of the company’s stock worth $134,000 after purchasing an additional 5,596 shares in the last quarter. Northern Trust Corp purchased a new position in United-Guardian in the 4th quarter worth approximately $151,000. UBS Group AG lifted its stake in United-Guardian by 39.3% in the 1st quarter. UBS Group AG now owns 25,834 shares of the company’s stock worth $243,000 after purchasing an additional 7,289 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in United-Guardian by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 133,245 shares of the company’s stock worth $959,000 after purchasing an additional 1,949 shares in the last quarter. 23.16% of the stock is owned by hedge funds and other institutional investors.

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.