Shares of Andina Acquisition Corp (NASDAQ:TGLS) have earned an average broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation.
Zacks has also given Andina Acquisition an industry rank of 46 out of 265 based on the ratings given to its competitors.
A number of research analysts have commented on TGLS shares. ValuEngine raised Andina Acquisition from a “buy” rating to a “strong-buy” rating in a report on Friday, December 1st. Zacks Investment Research raised Andina Acquisition from a “sell” rating to a “hold” rating in a report on Wednesday, October 18th. Finally, BidaskClub raised Andina Acquisition from a “sell” rating to a “hold” rating in a report on Thursday, December 7th.
In related news, Director Martha L. Byorum sold 7,900 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $7.05, for a total value of $55,695.00. Following the sale, the director now owns 106,751 shares of the company’s stock, valued at approximately $752,594.55. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Julio A. Torres sold 7,000 shares of the firm’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $7.00, for a total value of $49,000.00. Following the completion of the sale, the director now directly owns 106,751 shares in the company, valued at approximately $747,257. The disclosure for this sale can be found here. In the last three months, insiders sold 36,900 shares of company stock worth $263,035. Company insiders own 2.30% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Malaga Cove Capital LLC lifted its holdings in shares of Andina Acquisition 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 purchasing an additional 17,881 shares during the last quarter. Vanguard Group Inc. increased its position in Andina Acquisition by 24.6% in the 2nd quarter. Vanguard Group Inc. now owns 77,402 shares of the company’s stock valued at $722,000 after acquiring an additional 15,261 shares during the period. Northern Trust Corp increased its position in Andina Acquisition 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 acquiring an additional 4,588 shares during the period. Finally, Wells Fargo & Company MN increased its position in Andina Acquisition by 54.1% in the 3rd quarter. Wells Fargo & Company MN now owns 33,911 shares of the company’s stock valued at $228,000 after acquiring an additional 11,910 shares during the period. 2.56% of the stock is currently owned by institutional investors and hedge funds.
Andina Acquisition (NASDAQ TGLS) traded up $0.05 during trading hours on Friday, reaching $9.20. The company’s stock had a trading volume of 14,176 shares, compared to its average volume of 35,832. The company has a current ratio of 2.38, a quick ratio of 1.74 and a debt-to-equity ratio of 1.79. Andina Acquisition has a 52 week low of $5.50 and a 52 week high of $12.10. The company has a market cap of $310.96, a P/E ratio of 43.33, a PEG ratio of 0.81 and a beta of 0.50.
Andina Acquisition (NASDAQ:TGLS) last released its earnings results on Tuesday, November 14th. The company reported $0.11 EPS for the quarter, hitting analysts’ consensus estimates of $0.11. Andina Acquisition had a return on equity of 12.75% and a net margin of 2.36%. analysts anticipate that Andina Acquisition will post 0.43 earnings per share for the current fiscal year.
The business also recently declared a dividend, which was paid on Friday, January 26th. Investors of record on Friday, December 29th were issued a $0.14 dividend. The ex-dividend date of this dividend was Thursday, December 28th. Andina Acquisition’s dividend payout ratio (DPR) is 266.67%.
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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.
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