Tecnoglass (TGLS) Downgraded by ValuEngine
Tecnoglass (NASDAQ:TGLS) was downgraded by ValuEngine from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.
Several other research firms also recently weighed in on TGLS. Dougherty & Co set a $13.00 price objective on Tecnoglass and gave the company a “buy” rating in a report on Thursday, November 8th. B. Riley increased their price objective on Tecnoglass from $12.50 to $13.00 and gave the company a “buy” rating in a report on Thursday, November 8th. Zacks Investment Research raised Tecnoglass from a “hold” rating to a “buy” rating and set a $10.00 price objective for the company in a report on Saturday. Finally, BidaskClub raised Tecnoglass from a “sell” rating to a “hold” rating in a report on Saturday. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $12.00.
Shares of TGLS opened at $7.93 on Wednesday. The company has a debt-to-equity ratio of 1.49, a current ratio of 2.59 and a quick ratio of 1.78. The company has a market capitalization of $337.02 million, a P/E ratio of 24.78, a price-to-earnings-growth ratio of 0.60 and a beta of 0.92. Tecnoglass has a 52-week low of $6.81 and a 52-week high of $10.29.
In other news, Director Martha L. Byorum sold 8,000 shares of the stock in a transaction that occurred on Thursday, September 13th. The stock was sold at an average price of $9.44, for a total value of $75,520.00. Following the completion of the sale, 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 through this hyperlink. 2.30% of the stock is currently owned by corporate insiders.
An institutional investor recently raised its position in Tecnoglass stock. Renaissance Technologies LLC increased its stake in shares of Tecnoglass Inc (NASDAQ:TGLS) by 117.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 95,794 shares of the company’s stock after purchasing an additional 51,671 shares during the quarter. Renaissance Technologies LLC owned 0.26% of Tecnoglass worth $942,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 4.08% of the company’s stock.
Tecnoglass Company Profile
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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