Tecnoglass Inc. (NASDAQ:TGLS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday. The brokerage currently has a $8.00 target price on the stock. Zacks Investment Research‘s price objective would suggest a potential upside of 12.20% from the company’s current price.

According to Zacks, “Tecnoglass, Inc. is engaged in manufacturing and selling architectural glass and windows and aluminum products for the residential and commercial construction industries. It operates primarily in North, Central and South America. Tecnoglass, Inc., formerly known as Andina Acquisition Corporation, is headquartered in Barranquilla, Colombia. “

Other equities analysts have also issued research reports about the company. ValuEngine upgraded Tecnoglass from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. BidaskClub upgraded Tecnoglass from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st. Finally, Dougherty & Co lowered Tecnoglass from a “buy” rating to a “neutral” rating in a research note on Tuesday, August 15th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $12.50.

Tecnoglass (NASDAQ:TGLS) opened at $7.13 on Wednesday. The firm has a market capitalization of $242.47, a PE ratio of 16.09, a price-to-earnings-growth ratio of 0.82 and a beta of 0.51. Tecnoglass has a 52 week low of $5.50 and a 52 week high of $12.50. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.74 and a current ratio of 2.38.

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In related news, Director Martha L. Byorum sold 7,000 shares of Tecnoglass stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $7.09, for a total value of $49,630.00. Following the completion of the transaction, the director now owns 113,651 shares in the company, valued at approximately $805,785.59. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Martha L. Byorum sold 4,000 shares of Tecnoglass stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $7.06, for a total value of $28,240.00. Following the completion of the transaction, the director now owns 113,651 shares of the company’s stock, valued at approximately $802,376.06. The disclosure for this sale can be found here. 2.30% of the stock is owned by insiders.

Several institutional investors have recently made changes to their positions in TGLS. Wells Fargo & Company MN increased its stake in shares of Tecnoglass by 36.7% in the 2nd quarter. Wells Fargo & Company MN now owns 22,001 shares of the company’s stock valued at $205,000 after purchasing an additional 5,902 shares in the last quarter. Northern Trust Corp increased its stake in shares of Tecnoglass by 15.6% in the 2nd 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. Malaga Cove Capital LLC boosted its holdings in Tecnoglass by 23.8% in the 3rd quarter. Malaga Cove Capital LLC now owns 92,905 shares of the company’s stock worth $654,000 after buying an additional 17,881 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Tecnoglass by 24.6% in the 2nd quarter. Vanguard Group Inc. now owns 77,402 shares of the company’s stock worth $722,000 after buying an additional 15,261 shares during the last quarter. Finally, Boston Partners acquired a new stake in Tecnoglass in the 2nd quarter worth about $975,000. Hedge funds and other institutional investors own 3.43% of the company’s stock.

About Tecnoglass

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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