Tecnoglass Inc (NASDAQ:TGLS) saw a significant increase in short interest in the month of November. As of November 29th, there was short interest totalling 333,000 shares, an increase of 6.4% from the November 14th total of 312,900 shares. Currently, 1.7% of the company’s shares are sold short. Based on an average daily trading volume, of 65,900 shares, the short-interest ratio is currently 5.1 days.

TGLS has been the subject of several recent research reports. BidaskClub raised Tecnoglass from a “sell” rating to a “hold” rating in a research note on Wednesday, November 27th. Dougherty & Co reissued a “buy” rating on shares of Tecnoglass in a research note on Thursday, August 22nd. Zacks Investment Research cut Tecnoglass from a “buy” rating to a “hold” rating in a research note on Saturday, November 2nd. ValuEngine cut Tecnoglass from a “sell” rating to a “strong sell” rating in a research note on Monday, November 4th. Finally, DA Davidson cut Tecnoglass from a “buy” rating to a “neutral” rating in a research note on Thursday, November 7th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $9.69.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TGLS. JPMorgan Chase & Co. acquired a new stake in Tecnoglass during the second quarter worth approximately $69,000. Monarch Partners Asset Management LLC grew its stake in Tecnoglass by 2.0% during the second quarter. Monarch Partners Asset Management LLC now owns 104,539 shares of the company’s stock worth $678,000 after purchasing an additional 2,029 shares during the period. Penn Capital Management Co. Inc. acquired a new stake in Tecnoglass during the second quarter worth approximately $1,616,000. Shepherd Kaplan Krochuk LLC grew its stake in Tecnoglass by 90.0% during the second quarter. Shepherd Kaplan Krochuk LLC now owns 38,000 shares of the company’s stock worth $247,000 after purchasing an additional 18,000 shares during the period. Finally, Rutabaga Capital Management LLC MA grew its stake in Tecnoglass by 11.9% during the second quarter. Rutabaga Capital Management LLC MA now owns 740,547 shares of the company’s stock worth $4,806,000 after purchasing an additional 78,495 shares during the period. 12.22% of the stock is owned by institutional investors and hedge funds.

NASDAQ TGLS opened at $8.20 on Friday. The business has a 50 day simple moving average of $8.20 and a 200 day simple moving average of $7.45. Tecnoglass has a one year low of $6.08 and a one year high of $9.15. The stock has a market capitalization of $371.44 million, a P/E ratio of 10.20, a P/E/G ratio of 0.51 and a beta of 0.98. The company has a debt-to-equity ratio of 1.52, a current ratio of 2.41 and a quick ratio of 1.78.

Tecnoglass (NASDAQ:TGLS) last released its earnings results on Wednesday, November 6th. The company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.02). Tecnoglass had a return on equity of 20.39% and a net margin of 2.18%. The business had revenue of $108.47 million for the quarter, compared to analyst estimates of $102.95 million. Equities analysts expect that Tecnoglass will post 0.74 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, November 29th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $0.56 annualized dividend and a yield of 6.83%. Tecnoglass’s dividend payout ratio is currently 65.88%.

Tecnoglass Company Profile

Tecnoglass Inc, through its subsidiaries, manufactures, supplies, and installs architectural glass, windows, and associated aluminum products for the commercial and residential construction industries in North, Central, and South America. The company offers low emissivity, laminated/thermo-laminated, thermo-acoustic, tempered, silk-screened, curved, and digital print glass products.

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