Tecnoglass Inc. (TGLS) Earns “Neutral” Rating from Dougherty & Co
A number of other research firms also recently weighed in on TGLS. BidaskClub upgraded Tecnoglass from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. Zacks Investment Research cut Tecnoglass from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 30th.
Tecnoglass (NASDAQ TGLS) traded up 0.55% during trading on Tuesday, reaching $7.35. The company’s stock had a trading volume of 8,189 shares. The firm has a 50-day moving average price of $9.01 and a 200-day moving average price of $10.26. Tecnoglass has a 52 week low of $6.31 and a 52 week high of $12.93. The firm has a market capitalization of $246.13 million, a P/E ratio of 22.97 and a beta of 0.44.
Tecnoglass (NASDAQ:TGLS) last released its earnings results on Friday, August 11th. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by $0.09. The firm had revenue of $80.98 million during the quarter, compared to analyst estimates of $84.63 million. Tecnoglass had a return on equity of 20.04% and a net margin of 3.42%. On average, equities analysts anticipate that Tecnoglass will post $0.87 EPS for the current fiscal year.
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In other Tecnoglass news, Director Martha L. Byorum sold 5,000 shares of the company’s stock in a transaction on Friday, June 9th. The stock was sold at an average price of $9.27, for a total value of $46,350.00. Following the transaction, the director now owns 110,579 shares of the company’s stock, valued at $1,025,067.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 67.20% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in Tecnoglass by 24.6% in the second quarter. Vanguard Group Inc. now owns 77,402 shares of the company’s stock valued at $722,000 after buying an additional 15,261 shares in the last quarter. Northern Trust Corp boosted its position in Tecnoglass by 15.6% in the second quarter. Northern Trust Corp now owns 34,006 shares of the company’s stock valued at $317,000 after buying an additional 4,588 shares in the last quarter. Wells Fargo & Company MN boosted its position in Tecnoglass by 36.7% in the second quarter. Wells Fargo & Company MN now owns 22,001 shares of the company’s stock valued at $205,000 after buying an additional 5,902 shares in the last quarter. Kennedy Capital Management Inc. boosted its position in Tecnoglass by 113.9% in the second quarter. Kennedy Capital Management Inc. now owns 292,636 shares of the company’s stock valued at $2,727,000 after buying an additional 155,847 shares in the last quarter. Finally, Boston Partners bought a new position in Tecnoglass during the second quarter valued at about $975,000. 5.22% of the stock is currently owned by institutional investors.
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