Tecnoglass (TGLS) Downgraded by BidaskClub

BidaskClub cut shares of Tecnoglass (NASDAQ:TGLS) from a hold rating to a sell rating in a report published on Wednesday.

Other equities analysts also recently issued research reports about the stock. ValuEngine upgraded shares of Tecnoglass from a hold rating to a buy rating in a report on Monday, August 13th. B. Riley upped their price objective on Tecnoglass from $11.50 to $12.50 and gave the stock a buy rating in a research report on Monday, August 13th. Zacks Investment Research lowered Tecnoglass from a strong-buy rating to a hold rating in a research report on Thursday, October 11th. Finally, Dougherty & Co upgraded Tecnoglass from a neutral rating to a buy rating and set a $12.50 price objective on the stock in a research report on Thursday, September 27th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of $11.67.

NASDAQ:TGLS traded down $0.17 during midday trading on Wednesday, hitting $7.82. The company’s stock had a trading volume of 38,730 shares, compared to its average volume of 34,633. Tecnoglass has a fifty-two week low of $6.81 and a fifty-two week high of $10.29. The company has a current ratio of 2.50, a quick ratio of 1.77 and a debt-to-equity ratio of 1.53. The company has a market cap of $293.00 million, a PE ratio of 14.93, a price-to-earnings-growth ratio of 0.60 and a beta of 0.92.

Tecnoglass (NASDAQ:TGLS) last issued its quarterly earnings results on Wednesday, August 8th. The company reported $0.20 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.07. Tecnoglass had a net margin of 4.34% and a return on equity of 14.63%. The company had revenue of $88.97 million for the quarter, compared to the consensus estimate of $89.34 million. Equities research analysts predict that Tecnoglass will post 0.66 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 19th. Shareholders of record on Friday, October 26th will be given a $0.14 dividend. The ex-dividend date is Thursday, October 25th. This represents a $0.56 annualized dividend and a yield of 7.16%. Tecnoglass’s dividend payout ratio is presently 175.00%.

In other Tecnoglass news, Director Martha L. Byorum sold 8,000 shares of the company’s stock in a transaction that occurred on Thursday, September 13th. The stock was sold at an average price of $9.44, for a total value of $75,520.00. Following the sale, the director now owns 94,064 shares in the company, valued at approximately $887,964.16. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 67.20% of the company’s stock.

A hedge fund recently raised its stake in Tecnoglass stock. Rutabaga Capital Management LLC MA grew its stake in Tecnoglass Inc (NASDAQ:TGLS) by 26.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 734,667 shares of the company’s stock after purchasing an additional 152,277 shares during the period. Rutabaga Capital Management LLC MA owned about 2.08% of Tecnoglass worth $6,384,000 at the end of the most recent quarter. 4.07% of the stock is owned by institutional investors and hedge funds.

Tecnoglass Company Profile

Tecnoglass Inc, through its subsidiaries, manufactures and sells architectural glass, windows, and associated aluminum products for the global commercial and residential construction industries in North, Central, and South America. It offers soft coat, laminated/thermo-laminated, thermo-acoustic, tempered, silk-screened, curved, and digital print glass.

Further Reading: Understanding Compound Annual Growth Rate (CAGR)

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