Tecnoglass (NASDAQ:TGLS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Saturday. The firm presently has a $10.00 target price on the stock. Zacks Investment Research‘s target price would suggest a potential upside of 11.37% 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. “
Several other research analysts have also commented on the company. Dougherty & Co raised 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. BidaskClub lowered Tecnoglass from a “hold” rating to a “sell” rating in a research report on Friday, August 31st. B. Riley raised their price objective on Tecnoglass from $11.50 to $12.50 and gave the company a “buy” rating in a research report on Monday, August 13th. Finally, ValuEngine lowered Tecnoglass from a “buy” rating to a “hold” rating in a research report on Friday, November 2nd. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $12.00.
NASDAQ:TGLS traded up $0.14 during mid-day trading on Friday, hitting $8.98. The company had a trading volume of 25,121 shares, compared to its average volume of 34,685. The company has a debt-to-equity ratio of 1.53, a current ratio of 2.50 and a quick ratio of 1.77. Tecnoglass has a 1 year low of $6.81 and a 1 year high of $10.29. The firm has a market capitalization of $318.56 million, a PE ratio of 28.06, a price-to-earnings-growth ratio of 0.66 and a beta of 0.92.
Tecnoglass (NASDAQ:TGLS) last released its quarterly earnings data on Wednesday, November 7th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.17 by $0.07. Tecnoglass had a return on equity of 18.39% and a net margin of 3.99%. The company had revenue of $96.99 million for the quarter, compared to analyst estimates of $93.87 million. Equities analysts anticipate that Tecnoglass will post 0.71 EPS for the current year.
In other Tecnoglass news, Director Martha L. Byorum sold 8,000 shares of the firm’s stock in a transaction dated Thursday, September 13th. The stock was sold at an average price of $9.44, for a total value of $75,520.00. Following the transaction, the director now directly owns 94,064 shares of the company’s stock, valued at $887,964.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company 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 holdings in shares of Tecnoglass Inc (NASDAQ:TGLS) by 26.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 734,667 shares of the company’s stock after acquiring an additional 152,277 shares during the period. Rutabaga Capital Management LLC MA owned about 2.08% of Tecnoglass worth $6,384,000 as of its most recent SEC filing. 4.07% of the stock is owned by institutional investors and hedge funds.
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.
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