Tecnoglass Inc. (NASDAQ:TGLS) Rating Lowered to Strong Sell at BidaskClub
Tecnoglass Inc. (NASDAQ:TGLS) was downgraded by stock analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a report released on Tuesday.
Separately, Zacks Investment Research downgraded shares of Tecnoglass from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 30th.
Tecnoglass (NASDAQ:TGLS) traded up 1.19% on Tuesday, reaching $8.50. 38,309 shares of the company were exchanged. Tecnoglass has a 52 week low of $8.33 and a 52 week high of $12.93. The stock has a 50-day moving average price of $9.29 and a 200 day moving average price of $10.49. The stock has a market capitalization of $284.64 million, a price-to-earnings ratio of 26.56 and a beta of 0.44.
In other Tecnoglass news, Director Martha L. Byorum sold 5,000 shares of the firm’s stock in a transaction on Friday, June 9th. The shares were sold at an average price of $9.27, for a total transaction of $46,350.00. Following the transaction, the director now directly owns 110,579 shares of the company’s stock, valued at approximately $1,025,067.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 67.20% of the company’s stock.
A hedge fund recently bought a new stake in Tecnoglass stock. Boston Partners acquired a new stake in Tecnoglass Inc. (NASDAQ:TGLS) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 104,648 shares of the company’s stock, valued at approximately $975,000. Boston Partners owned approximately 0.31% of Tecnoglass at the end of the most recent reporting period. 4.90% of the stock is currently owned by institutional investors and hedge funds.
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