Andina Acquisition Corp (TGLS) Director Sells $36,350.00 in Stock
Andina Acquisition Corp (NASDAQ:TGLS) Director Martha L. Byorum sold 5,000 shares of Andina Acquisition stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $7.27, for a total transaction of $36,350.00. Following the transaction, the director now directly owns 95,751 shares in the company, valued at approximately $696,109.77. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Andina Acquisition Corp (TGLS) traded up $0.07 during mid-day trading on Monday, hitting $7.41. 40,100 shares of the stock traded hands, compared to its average volume of 42,233. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.74 and a current ratio of 2.38. Andina Acquisition Corp has a 12 month low of $5.50 and a 12 month high of $12.34. The stock has a market cap of $253.77, a price-to-earnings ratio of 16.84, a P/E/G ratio of 0.86 and a beta of 0.51.
Hedge funds have recently modified their holdings of the company. Wells Fargo & Company MN increased its stake in shares of Andina Acquisition by 36.7% during the 2nd quarter. Wells Fargo & Company MN now owns 22,001 shares of the company’s stock worth $205,000 after purchasing an additional 5,902 shares during the last quarter. Northern Trust Corp increased its stake in shares of Andina Acquisition by 15.6% during the 2nd quarter. Northern Trust Corp now owns 34,006 shares of the company’s stock worth $317,000 after purchasing an additional 4,588 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of 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 purchasing an additional 15,261 shares during the last quarter. Malaga Cove Capital LLC increased its stake in shares of 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 purchasing an additional 17,881 shares during the last quarter. Finally, Boston Partners purchased a new stake in shares of Andina Acquisition during the 2nd quarter worth approximately $975,000. Institutional investors own 2.56% of the company’s stock.
Several equities analysts have commented on TGLS shares. Zacks Investment Research raised shares of Andina Acquisition from a “sell” rating to a “hold” rating in a research report on Wednesday, October 18th. BidaskClub upgraded shares of Andina Acquisition from a “sell” rating to a “hold” rating in a research note on Thursday, December 7th. Finally, ValuEngine upgraded shares of Andina Acquisition from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 1st.
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About Andina Acquisition
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.
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