Tecnoglass Inc. (TGLS) Upgraded to “Hold” by 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. “
Tecnoglass (NASDAQ:TGLS) opened at 11.60 on Tuesday. The firm’s 50-day moving average price is $12.23 and its 200 day moving average price is $11.59. The company has a market capitalization of $323.83 million, a price-to-earnings ratio of 13.47 and a beta of 0.46. Tecnoglass has a 12-month low of $9.82 and a 12-month high of $15.59.
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Tecnoglass (NASDAQ:TGLS) last announced its quarterly earnings results on Monday, August 1st. The company reported $0.14 EPS for the quarter, missing the Zacks’ consensus estimate of $0.22 by $0.08. Tecnoglass had a net margin of 12.91% and a return on equity of 41.60%. The firm earned $77.50 million during the quarter, compared to the consensus estimate of $69.43 million. On average, analysts expect that Tecnoglass will post $0.69 earnings per share for the current year.
The company also recently declared a dividend, which will be paid on Tuesday, November 1st. Stockholders of record on Friday, September 23rd will be paid a $0.125 dividend. The ex-dividend date of this dividend is Wednesday, September 21st. Tecnoglass’s payout ratio is 11.30%.
In other news, Director Julio A. Torres sold 4,836 shares of the stock in a transaction on Friday, September 2nd. The stock was sold at an average price of $12.53, for a total value of $60,595.08. Following the completion of the transaction, the director now directly owns 100,036 shares in the company, valued at approximately $1,253,451.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 67.20% of the stock is owned by insiders.
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