Tecnoglass Inc (NASDAQ:TGLS) shares rose 5% during trading on Friday . The stock traded as high as $8.50 and last traded at $8.36, approximately 107,694 shares changed hands during mid-day trading. An increase of 66% from the average daily volume of 64,999 shares. The stock had previously closed at $7.96.

A number of research analysts have weighed in on the stock. BidaskClub raised shares of Tecnoglass from a “sell” rating to a “hold” rating in a research report on Wednesday, November 27th. Zacks Investment Research cut shares of Tecnoglass from a “buy” rating to a “hold” rating in a report on Saturday, November 2nd. Dougherty & Co reaffirmed a “buy” rating on shares of Tecnoglass in a research report on Thursday, August 22nd. DA Davidson lowered Tecnoglass from a “buy” rating to a “neutral” rating in a research note on Thursday, November 7th. Finally, Robert W. Baird set a $11.00 price objective on Tecnoglass and gave the stock a “buy” rating in a research note on Monday, August 12th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $9.69.

The company has a debt-to-equity ratio of 1.52, a current ratio of 2.41 and a quick ratio of 1.78. The company has a market capitalization of $362.33 million, a price-to-earnings ratio of 9.84, a price-to-earnings-growth ratio of 0.50 and a beta of 0.98. The business has a fifty day moving average price of $8.15 and a 200 day moving average price of $7.40.

Tecnoglass (NASDAQ:TGLS) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.02). Tecnoglass had a return on equity of 20.39% and a net margin of 2.18%. The company had revenue of $108.47 million during the quarter, compared to analyst estimates of $102.95 million. As a group, sell-side analysts predict that Tecnoglass Inc will post 0.74 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, November 29th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 6.70%. The ex-dividend date is Wednesday, November 27th. Tecnoglass’s payout ratio is currently 65.88%.

A number of institutional investors have recently modified their holdings of TGLS. Tower Research Capital LLC TRC grew its position in Tecnoglass by 259.5% in the 3rd quarter. Tower Research Capital LLC TRC now owns 3,243 shares of the company’s stock worth $26,000 after purchasing an additional 2,341 shares during the last quarter. JPMorgan Chase & Co. acquired a new position in shares of Tecnoglass during the second quarter valued at about $69,000. Bailard Inc. acquired a new position in shares of Tecnoglass during the third quarter valued at about $160,000. FCA Corp TX acquired a new position in shares of Tecnoglass during the third quarter valued at about $205,000. Finally, SG Capital Management LLC bought a new stake in shares of Tecnoglass in the third quarter valued at about $268,000. 12.22% of the stock is owned by hedge funds and other institutional investors.

About Tecnoglass (NASDAQ:TGLS)

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.

Recommended Story: Support Level

Receive News & Ratings for Tecnoglass Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tecnoglass and related companies with MarketBeat.com's FREE daily email newsletter.