Tecnoglass (NASDAQ:TGLS) Sets New 1-Year Low – Should You Sell?

Tecnoglass Inc. (NASDAQ:TGLS)’s share price reached a new 52-week low on Monday . The stock traded as low as $44.51 and last traded at $44.7950, with a volume of 522719 shares changing hands. The stock had previously closed at $44.91.

Wall Street Analyst Weigh In

Separately, DA Davidson cut their target price on Tecnoglass from $95.00 to $80.00 and set a “buy” rating on the stock in a research report on Tuesday, November 11th. One analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Strong Buy” and a consensus target price of $90.00.

Tecnoglass Price Performance

The company has a debt-to-equity ratio of 0.20, a current ratio of 2.21 and a quick ratio of 1.63. The company has a market capitalization of $2.12 billion, a PE ratio of 14.24 and a beta of 1.78. The stock’s 50 day simple moving average is $61.38 and its 200-day simple moving average is $72.29.

Tecnoglass (NASDAQ:TGLS) last posted its quarterly earnings data on Thursday, November 6th. The company reported $1.00 EPS for the quarter, missing the consensus estimate of $1.11 by ($0.11). Tecnoglass had a net margin of 17.82% and a return on equity of 27.71%. Tecnoglass’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.08 earnings per share. Tecnoglass has set its FY 2025 guidance at EPS. As a group, equities analysts forecast that Tecnoglass Inc. will post 3.53 earnings per share for the current fiscal year.

Tecnoglass Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Tuesday, September 30th were paid a $0.15 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $0.60 annualized dividend and a dividend yield of 1.3%. Tecnoglass’s payout ratio is 15.58%.

Institutional Trading of Tecnoglass

Several hedge funds have recently modified their holdings of the stock. Wellington Management Group LLP boosted its holdings in Tecnoglass by 15.6% in the first quarter. Wellington Management Group LLP now owns 1,883,864 shares of the company’s stock valued at $134,790,000 after purchasing an additional 254,686 shares during the period. Capital World Investors raised its position in Tecnoglass by 6.2% in the 3rd quarter. Capital World Investors now owns 1,794,272 shares of the company’s stock valued at $120,055,000 after purchasing an additional 104,132 shares in the last quarter. First Trust Advisors LP boosted its stake in shares of Tecnoglass by 3.1% in the 3rd quarter. First Trust Advisors LP now owns 1,026,970 shares of the company’s stock valued at $68,715,000 after buying an additional 30,834 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Tecnoglass by 1.4% during the third quarter. Dimensional Fund Advisors LP now owns 1,022,566 shares of the company’s stock worth $68,423,000 after buying an additional 14,432 shares in the last quarter. Finally, American Century Companies Inc. grew its position in shares of Tecnoglass by 9.6% during the third quarter. American Century Companies Inc. now owns 1,022,101 shares of the company’s stock worth $68,389,000 after buying an additional 89,175 shares in the last quarter. 37.35% of the stock is currently owned by institutional investors and hedge funds.

Tecnoglass Company Profile

Tecnoglass Inc manufactures, supplies, and installs architectural glass, windows, and associated aluminum and vinyl products for commercial and residential construction markets in Colombia, the United States, Panama, and internationally. The company provides low emissivity, laminated/thermo-laminated, thermo-acoustic, tempered, silk-screened, curved, and digital print glass products.