The conglomerates sector closed the day up 2.2%. Danaher Corporation ( DHR) and Rayonier Inc ( RYN) were all decliners today within the conglomerates sector with Tredegar Corporation ( TG) being today's featured conglomerates loser. Tredegar Corporation fell 77 cents (-5.3%) to $15.27 on average volume. Throughout the day, 81,720 shares of Tredegar Corporation exchanged hands as compared to its average daily volume of 94,800 shares. Tredegar Corporation, together with its subsidiaries, engages in the manufacture and sale of plastic films, elastics, and laminate materials primarily for personal and household care products, and packaging and surface protection applications. Tredegar Corporation has a market cap of $494.6 million and is part of the conglomerates industry. The company has a P/E ratio of 17.4, above the average conglomerates industry P/E ratio of 17.2 and below the S&P 500 P/E ratio of 17.7. Shares are down 25.2% year to date as of the close of trading on Wednesday. TheStreet Ratings rates Tredegar as a hold. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income and revenue growth. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, disappointing return on equity and poor profit margins.
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