Tecnoglass Inc. (TGLS) Raised to “Hold” at Zacks Investment Research
According to Zacks, “Tecnoglass, Inc. is engaged in manufacturing and selling architectural glass and windows and aluminum products for the residential and commercial construction industries. It operates primarily in North, Central and South America. Tecnoglass, Inc., formerly known as Andina Acquisition Corporation, is headquartered in Barranquilla, Colombia. “
Shares of Tecnoglass (NASDAQ:TGLS) opened at 11.60 on Tuesday. Tecnoglass has a one year low of $9.82 and a one year high of $15.59. The stock’s 50 day moving average price is $12.23 and its 200 day moving average price is $11.59. The company has a market cap of $323.83 million, a PE ratio of 13.47 and a beta of 0.46.
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Tecnoglass (NASDAQ:TGLS) last released its quarterly earnings results on Monday, August 1st. The company reported $0.14 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by $0.08. The firm had revenue of $77.50 million for the quarter, compared to analyst estimates of $69.43 million. Tecnoglass had a return on equity of 41.60% and a net margin of 12.91%. Equities analysts predict that Tecnoglass will post $0.69 earnings per share for the current fiscal year.
The company also recently declared a dividend, which will be paid on Tuesday, November 1st. Investors of record on Friday, September 23rd will be issued a dividend of $0.125 per share. The ex-dividend date is Wednesday, September 21st. Tecnoglass’s payout ratio is currently 11.30%.
In related news, Director Julio A. Torres sold 4,836 shares of Tecnoglass stock in a transaction that occurred on Friday, September 2nd. The stock was sold at an average price of $12.53, for a total transaction of $60,595.08. Following the completion of the sale, the director now directly owns 100,036 shares of the company’s stock, valued at approximately $1,253,451.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 67.20% of the company’s stock.
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