Tecnoglass Inc. (TGLS) Receives Consensus Recommendation of “Hold” from Analysts
Tecnoglass Inc. (NASDAQ:TGLS) has been assigned a consensus broker rating score of 3.00 (Hold) from the one analysts that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation.
Zacks has also assigned Tecnoglass an industry rank of 98 out of 265 based on the ratings given to its competitors.
A number of equities analysts have recently weighed in on TGLS shares. BidaskClub upgraded Tecnoglass from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. Dougherty & Co downgraded Tecnoglass from a “buy” rating to a “neutral” rating in a report on Tuesday, August 15th. ValuEngine upgraded Tecnoglass from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Finally, Zacks Investment Research raised Tecnoglass from a “sell” rating to a “hold” rating in a research note on Wednesday, October 18th.
In other news, Director Martha L. Byorum sold 7,000 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $7.09, for a total transaction of $49,630.00. Following the completion of the transaction, the director now directly owns 113,651 shares in the company, valued at $805,785.59. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Martha L. Byorum sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $7.06, for a total value of $28,240.00. Following the transaction, the director now owns 113,651 shares of the company’s stock, valued at $802,376.06. The disclosure for this sale can be found here. 67.20% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Northern Trust Corp raised its stake in shares of Tecnoglass by 15.6% in the second quarter. Northern Trust Corp now owns 34,006 shares of the company’s stock valued at $317,000 after purchasing an additional 4,588 shares in the last quarter. Wells Fargo & Company MN raised its stake in Tecnoglass by 36.7% during the second quarter. Wells Fargo & Company MN now owns 22,001 shares of the company’s stock worth $205,000 after acquiring an additional 5,902 shares in the last quarter. Vanguard Group Inc. raised its stake in Tecnoglass by 24.6% during the second quarter. Vanguard Group Inc. now owns 77,402 shares of the company’s stock worth $722,000 after acquiring an additional 15,261 shares in the last quarter. Malaga Cove Capital LLC raised its stake in Tecnoglass by 23.8% during the third 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 in the last quarter. Finally, Boston Partners acquired a new position in Tecnoglass during the second quarter worth $975,000. Institutional investors and hedge funds own 3.43% of the company’s stock.
Shares of Tecnoglass (NASDAQ:TGLS) opened at $7.20 on Monday. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.74 and a current ratio of 2.38. The stock has a market capitalization of $246.58, a PE ratio of 16.36, a price-to-earnings-growth ratio of 0.84 and a beta of 0.50. Tecnoglass has a twelve month low of $5.50 and a twelve month high of $12.50.
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Tecnoglass 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.
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