Andina Acquisition (TGLS) Stock Rating Lowered by ValuEngine

ValuEngine downgraded shares of Andina Acquisition (NASDAQ:TGLS) from a strong-buy rating to a buy rating in a research note issued to investors on Thursday, January 11th.

Several other equities research analysts have also recently weighed in on TGLS. Zacks Investment Research upgraded Andina Acquisition from a sell rating to a hold rating in a research note on Wednesday, October 18th. BidaskClub upgraded Andina Acquisition from a sell rating to a hold rating in a research note on Thursday, December 7th.

Andina Acquisition (TGLS) traded up $0.04 during midday trading on Thursday, hitting $9.04. The stock had a trading volume of 26,157 shares, compared to its average volume of 38,021. The firm has a market cap of $318.15, a PE ratio of 31.17, a P/E/G ratio of 0.83 and a beta of 0.70. Andina Acquisition has a one year low of $5.50 and a one year high of $12.10. The company has a debt-to-equity ratio of 1.79, a current ratio of 2.38 and a quick ratio of 1.74.

Andina Acquisition (NASDAQ:TGLS) last released its earnings results on Tuesday, November 14th. The company reported $0.11 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.11. Andina Acquisition had a return on equity of 12.75% and a net margin of 2.36%. equities research analysts forecast that Andina Acquisition will post 0.43 earnings per share for the current year.

The firm also recently declared a dividend, which was paid on Friday, January 26th. Shareholders of record on Friday, December 29th were paid a $0.14 dividend. The ex-dividend date of this dividend was Thursday, December 28th. Andina Acquisition’s dividend payout ratio is presently 193.10%.

In other Andina Acquisition news, Director Martha L. Byorum sold 4,000 shares of the business’s stock in a transaction on 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 sale, the director now directly owns 113,651 shares of the company’s stock, valued at $802,376.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Julio A. Torres sold 7,000 shares of the business’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $7.00, for a total transaction of $49,000.00. Following the completion of the sale, the director now directly owns 106,751 shares of the company’s stock, valued at $747,257. The disclosure for this sale can be found here. Insiders sold 36,900 shares of company stock valued at $263,035 over the last three months. 67.20% of the stock is currently owned by insiders.

Several large investors have recently modified their holdings of the company. Kennedy Capital Management Inc. boosted its stake in Andina Acquisition by 113.9% during the second quarter. Kennedy Capital Management Inc. now owns 292,636 shares of the company’s stock worth $2,727,000 after buying an additional 155,847 shares during the period. Wells Fargo & Company MN raised 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 buying an additional 5,902 shares during the last quarter. Northern Trust Corp raised 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 buying an additional 4,588 shares during the last quarter. Vanguard Group Inc. raised 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 buying an additional 15,261 shares during the last quarter. Finally, Malaga Cove Capital LLC raised 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 buying an additional 17,881 shares during the last quarter. 2.56% of the stock is owned by hedge funds and other institutional investors.

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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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