Tecnoglass Inc (NASDAQ:TGLS) Director Martha L. Byorum sold 2,000 shares of the business’s stock in a transaction on Monday, September 14th. The stock was sold at an average price of $5.20, for a total value of $10,400.00. Following the completion of the transaction, the director now directly owns 70,564 shares in the company, valued at approximately $366,932.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of NASDAQ TGLS opened at $5.12 on Wednesday. Tecnoglass Inc has a one year low of $2.15 and a one year high of $8.93. The company has a debt-to-equity ratio of 1.47, a current ratio of 2.51 and a quick ratio of 1.85. The business’s fifty day moving average price is $5.36 and its 200-day moving average price is $4.70. The stock has a market capitalization of $236.12 million, a PE ratio of 34.14, a P/E/G ratio of 0.50 and a beta of 1.45.
Tecnoglass (NASDAQ:TGLS) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.07. The business had revenue of $81.94 million for the quarter, compared to analysts’ expectations of $90.21 million. Tecnoglass had a return on equity of 17.80% and a net margin of 1.89%. As a group, equities analysts expect that Tecnoglass Inc will post 0.52 EPS for the current fiscal year.
Several research analysts have weighed in on the company. ValuEngine cut Tecnoglass from a “hold” rating to a “sell” rating in a research report on Monday, August 3rd. BidaskClub cut Tecnoglass from a “buy” rating to a “hold” rating in a research report on Wednesday, August 26th. Raymond James upped their price target on Tecnoglass from $6.00 to $7.00 and gave the company a “strong-buy” rating in a research report on Friday, August 7th. Finally, Zacks Investment Research raised Tecnoglass from a “hold” rating to a “buy” rating and set a $6.25 price target on the stock in a research report on Thursday, August 13th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $5.92.
Institutional investors and hedge funds have recently modified their holdings of the stock. Aptus Capital Advisors LLC purchased a new stake in Tecnoglass during the 2nd quarter worth about $426,000. California Public Employees Retirement System lifted its holdings in Tecnoglass by 2.3% during the 2nd quarter. California Public Employees Retirement System now owns 91,652 shares of the company’s stock worth $500,000 after purchasing an additional 2,084 shares in the last quarter. Invesco Ltd. lifted its holdings in Tecnoglass by 95.7% during the 1st quarter. Invesco Ltd. now owns 130,260 shares of the company’s stock worth $503,000 after purchasing an additional 63,696 shares in the last quarter. Sei Investments Co. lifted its holdings in Tecnoglass by 15.8% during the 2nd quarter. Sei Investments Co. now owns 100,202 shares of the company’s stock worth $546,000 after purchasing an additional 13,672 shares in the last quarter. Finally, Monarch Partners Asset Management LLC lifted its holdings in Tecnoglass by 8.2% during the 2nd quarter. Monarch Partners Asset Management LLC now owns 189,623 shares of the company’s stock worth $1,033,000 after purchasing an additional 14,440 shares in the last quarter. 15.66% of the stock is currently owned by institutional investors and hedge funds.
Tecnoglass Company Profile
Tecnoglass Inc, through its subsidiaries, manufactures, supplies, and installs architectural glass, windows, and associated aluminum products for the commercial and residential construction industries in North, Central, and South America. The company offers low emissivity, laminated/thermo-laminated, thermo-acoustic, tempered, silk-screened, curved, and digital print glass products.
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