Andina Acquisition Corp (NASDAQ:TGLS) Director Martha L. Byorum sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $7.35, for a total transaction of $29,400.00. Following the sale, the director now owns 95,751 shares in the company, valued at approximately $703,769.85. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Andina Acquisition Corp (NASDAQ:TGLS) traded up $0.07 during midday trading on Friday, reaching $7.41. 40,163 shares of the company’s stock were exchanged, compared to its average volume of 42,233. Andina Acquisition Corp has a 12 month low of $5.50 and a 12 month high of $12.34. The company has a market cap of $248.97, a PE ratio of 16.52, a price-to-earnings-growth ratio of 0.85 and a beta of 0.51. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.74 and a current ratio of 2.38.

A number of equities research analysts have commented on the stock. BidaskClub upgraded shares of Andina Acquisition from a “sell” rating to a “hold” rating in a research note on Thursday, December 7th. ValuEngine upgraded shares of Andina Acquisition from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Finally, Zacks Investment Research upgraded shares of Andina Acquisition from a “hold” rating to a “buy” rating and set a $8.00 target price on the stock in a research note on Wednesday, November 22nd.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TGLS. Kennedy Capital Management Inc. raised its stake in Andina Acquisition by 113.9% during the 2nd quarter. Kennedy Capital Management Inc. now owns 292,636 shares of the company’s stock worth $2,727,000 after acquiring an additional 155,847 shares during the period. Boston Partners bought a new stake in Andina Acquisition during the 2nd quarter worth approximately $975,000. Malaga Cove Capital LLC raised its stake in Andina Acquisition by 23.8% during the 3rd quarter. Malaga Cove Capital LLC now owns 92,905 shares of the company’s stock worth $654,000 after acquiring an additional 17,881 shares during the period. Vanguard Group Inc. raised its stake in Andina Acquisition by 24.6% during the 2nd quarter. Vanguard Group Inc. now owns 77,402 shares of the company’s stock worth $722,000 after acquiring an additional 15,261 shares during the period. Finally, Wells Fargo & Company MN raised its stake in Andina Acquisition by 54.1% during the 3rd quarter. Wells Fargo & Company MN now owns 33,911 shares of the company’s stock worth $228,000 after acquiring an additional 11,910 shares during the period. Institutional investors own 2.56% of the company’s stock.

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Andina Acquisition Company Profile

Tecnoglass Inc, through its subsidiaries, manufactures and sells architectural glass and windows for residential and commercial construction industries in North, Central, and South America. The company offers soft coat, laminated/thermo-laminated, thermo-acoustic, tempered, silk-screened, curved, and digital print glass.

Insider Buying and Selling by Quarter for Andina Acquisition (NASDAQ:TGLS)

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