Tecnoglass (NASDAQ:TGLS) Upgraded to “Hold” by BidaskClub
Several other analysts also recently weighed in on TGLS. Zacks Investment Research downgraded Tecnoglass from a buy rating to a hold rating in a research report on Thursday, August 29th. Dougherty & Co restated a buy rating on shares of Tecnoglass in a research report on Thursday, August 22nd. Raymond James upgraded Tecnoglass from an outperform rating to a strong-buy rating and set a $10.00 price objective for the company in a research report on Monday, July 1st. DA Davidson started coverage on Tecnoglass in a research report on Thursday, May 30th. They set a buy rating and a $9.00 price objective for the company. Finally, Robert W. Baird set a $11.00 price objective on Tecnoglass and gave the stock a buy rating in a research report on Monday, August 12th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of Buy and an average price target of $10.67.
TGLS opened at $7.84 on Friday. The firm has a market cap of $340.03 million, a P/E ratio of 8.81, a price-to-earnings-growth ratio of 0.47 and a beta of 0.97. Tecnoglass has a 52-week low of $6.08 and a 52-week high of $10.08. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.75 and a current ratio of 2.41. The business’s fifty day moving average is $7.25 and its 200-day moving average is $7.17.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Wednesday, July 31st were given a dividend of $0.14 per share. The ex-dividend date was Tuesday, July 30th. This represents a $0.56 annualized dividend and a dividend yield of 7.14%. Tecnoglass’s dividend payout ratio is currently 65.88%.
A number of institutional investors have recently bought and sold shares of TGLS. Formula Growth Ltd. bought a new position in Tecnoglass in the first quarter valued at about $2,912,000. Penn Capital Management Co. Inc. acquired a new stake in shares of Tecnoglass in the second quarter valued at about $1,616,000. Monarch Partners Asset Management LLC acquired a new stake in shares of Tecnoglass in the first quarter valued at about $746,000. Rutabaga Capital Management LLC MA increased its stake in shares of Tecnoglass by 11.9% in the second quarter. Rutabaga Capital Management LLC MA now owns 740,547 shares of the company’s stock valued at $4,806,000 after buying an additional 78,495 shares during the period. Finally, Vanguard Group Inc. increased its stake in shares of Tecnoglass by 37.4% in the second quarter. Vanguard Group Inc. now owns 279,955 shares of the company’s stock valued at $1,817,000 after buying an additional 76,232 shares during the period. Hedge funds and other institutional investors own 12.70% of the company’s stock.
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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