Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Tecnoglass (TGLS) Share Price
Press coverage about Tecnoglass (NASDAQ:TGLS) has been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Tecnoglass earned a media sentiment score of 0.24 on Accern’s scale. Accern also gave media stories about the company an impact score of 45.9857656122878 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Shares of Tecnoglass (NASDAQ TGLS) traded up $0.05 on Tuesday, hitting $7.22. 7,659 shares of the stock traded hands, compared to its average volume of 21,263. Tecnoglass has a 1-year low of $5.50 and a 1-year high of $12.70. The stock has a market capitalization of $247.26, a P/E ratio of 11.93, a P/E/G ratio of 0.87 and a beta of 0.50. The company has a current ratio of 2.26, a quick ratio of 1.67 and a debt-to-equity ratio of 1.97.
Tecnoglass (NASDAQ:TGLS) last announced its earnings results on Friday, August 11th. The company reported $0.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.09). Tecnoglass had a negative net margin of 2.45% and a positive return on equity of 16.94%. The firm had revenue of $80.98 million during the quarter, compared to analysts’ expectations of $84.63 million. sell-side analysts forecast that Tecnoglass will post 0.41 EPS for the current year.
The business also recently declared a dividend, which was paid on Friday, October 27th. Investors of record on Friday, September 29th were paid a $0.14 dividend. The ex-dividend date was Thursday, September 28th. This is an increase from Tecnoglass’s previous dividend of $0.13.
Several equities analysts have commented on TGLS shares. BidaskClub upgraded shares of Tecnoglass from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. Zacks Investment Research raised shares of Tecnoglass from a “sell” rating to a “hold” rating in a research note on Wednesday, October 18th. ValuEngine raised shares of Tecnoglass from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Finally, Dougherty & Co downgraded shares of Tecnoglass from a “buy” rating to a “neutral” rating in a research note on Tuesday, August 15th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. Tecnoglass has an average rating of “Hold” and a consensus price target of $17.00.
Tecnoglass Company Profile
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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