BidaskClub Lowers Andina Acquisition (TGLS) to Hold
Andina Acquisition (NASDAQ:TGLS) was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.
Other equities analysts also recently issued research reports about the stock. ValuEngine raised shares of Andina Acquisition from a “buy” rating to a “strong-buy” rating in a report on Friday, December 1st. Zacks Investment Research downgraded shares of Andina Acquisition from a “buy” rating to a “hold” rating in a report on Tuesday, January 23rd.
Shares of Andina Acquisition (TGLS) opened at $8.79 on Wednesday. The company has a quick ratio of 1.74, a current ratio of 2.38 and a debt-to-equity ratio of 1.79. The stock has a market cap of $306.85, a price-to-earnings ratio of 30.31, a P/E/G ratio of 0.79 and a beta of 0.70. Andina Acquisition has a 12 month low of $5.50 and a 12 month high of $12.10.
In other Andina Acquisition news, Director Martha L. Byorum sold 4,000 shares of Andina Acquisition stock in a transaction on Friday, November 17th. The shares were sold at an average price of $7.06, for a total value of $28,240.00. Following the completion of the transaction, the director now owns 113,651 shares of the company’s stock, valued at $802,376.06. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Martha L. Byorum sold 5,000 shares of Andina Acquisition stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $7.27, for a total transaction of $36,350.00. Following the completion of the transaction, the director now directly owns 95,751 shares of the company’s stock, valued at approximately $696,109.77. The disclosure for this sale can be found here. In the last ninety days, insiders sold 36,900 shares of company stock valued at $263,035. 2.30% of the stock is currently owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the business. Malaga Cove Capital LLC boosted its holdings in Andina Acquisition by 23.8% in the third quarter. Malaga Cove Capital LLC now owns 92,905 shares of the company’s stock worth $654,000 after purchasing an additional 17,881 shares during the period. Wells Fargo & Company MN boosted its holdings in Andina Acquisition by 54.1% in the third quarter. Wells Fargo & Company MN now owns 33,911 shares of the company’s stock worth $228,000 after purchasing an additional 11,910 shares during the period. Vanguard Group Inc. boosted its holdings in Andina Acquisition by 24.6% in the second quarter. Vanguard Group Inc. now owns 77,402 shares of the company’s stock worth $722,000 after purchasing an additional 15,261 shares during the period. Finally, Northern Trust Corp boosted its holdings in Andina Acquisition by 15.6% in the second quarter. Northern Trust Corp now owns 34,006 shares of the company’s stock worth $317,000 after purchasing an additional 4,588 shares during the period. 2.56% of the stock is owned by hedge funds and other institutional investors.
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About Andina Acquisition
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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