Tecnoglass Inc. (NASDAQ:TGLS) Director Martha L. Byorum sold 2,000 shares of the company’s stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $7.36, for a total transaction of $14,720.00. Following the completion of the sale, the director now directly owns 100,751 shares of the company’s stock, valued at $741,527.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of Tecnoglass Inc. (TGLS) traded up $0.20 during trading hours on Wednesday, hitting $7.40. 24,500 shares of the stock were exchanged, compared to its average volume of 42,301. Tecnoglass Inc. has a 1-year low of $5.50 and a 1-year high of $12.34. The company has a quick ratio of 1.74, a current ratio of 2.38 and a debt-to-equity ratio of 1.79. The stock has a market capitalization of $246.58, a PE ratio of 16.36, a price-to-earnings-growth ratio of 0.84 and a beta of 0.51.

Institutional investors have recently modified their holdings of the company. Wells Fargo & Company MN increased its stake in shares of Tecnoglass by 36.7% during the second quarter. Wells Fargo & Company MN now owns 22,001 shares of the company’s stock worth $205,000 after acquiring an additional 5,902 shares during the period. Northern Trust Corp increased its stake in shares of Tecnoglass by 15.6% during the second quarter. Northern Trust Corp now owns 34,006 shares of the company’s stock worth $317,000 after acquiring an additional 4,588 shares during the period. Malaga Cove Capital LLC increased its stake in shares of Tecnoglass by 23.8% during the third quarter. Malaga Cove Capital LLC now owns 92,905 shares of the company’s stock worth $654,000 after acquiring an additional 17,881 shares during the period. Vanguard Group Inc. increased its stake in shares of Tecnoglass by 24.6% during the second quarter. Vanguard Group Inc. now owns 77,402 shares of the company’s stock worth $722,000 after acquiring an additional 15,261 shares during the period. Finally, Boston Partners acquired a new position in shares of Tecnoglass during the second quarter worth about $975,000. Institutional investors and hedge funds own 2.56% of the company’s stock.

TGLS has been the subject of a number of research reports. ValuEngine raised shares of Tecnoglass from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Zacks Investment Research raised shares of Tecnoglass from a “hold” rating to a “buy” rating and set a $8.00 target price for the company in a report on Wednesday, November 22nd. Dougherty & Co cut shares of Tecnoglass from a “buy” rating to a “neutral” rating in a report on Tuesday, August 15th. Finally, BidaskClub cut shares of Tecnoglass from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 8th.

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About Tecnoglass

Tecnoglass Inc, through its subsidiaries, manufactures and sells architectural glass and windows for residential and commercial construction industries in North, Central, and South America. The company offers soft coat, laminated/thermo-laminated, thermo-acoustic, tempered, silk-screened, curved, and digital print glass.

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