Tecnoglass (TGLS) Raised to “Hold” at BidaskClub
Tecnoglass (NASDAQ:TGLS) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a report released on Thursday.
Several other brokerages have also recently commented on TGLS. ValuEngine upgraded shares of Tecnoglass from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 1st. Zacks Investment Research upgraded shares of Tecnoglass from a “sell” rating to a “hold” rating in a research report on Wednesday, October 18th. Finally, Dougherty & Co lowered shares of Tecnoglass from a “buy” rating to a “neutral” rating in a report on Tuesday, August 15th.
Shares of Tecnoglass (NASDAQ TGLS) opened at $7.44 on Thursday. The company has a market cap of $253.43, a price-to-earnings ratio of 16.82, a price-to-earnings-growth ratio of 0.86 and a beta of 0.51. Tecnoglass has a 1 year low of $5.50 and a 1 year high of $12.34. The company has a current ratio of 2.38, a quick ratio of 1.74 and a debt-to-equity ratio of 1.79.
Several hedge funds have recently made changes to their positions in the company. Wells Fargo & Company MN grew its holdings in shares of Tecnoglass by 54.1% in the 3rd quarter. Wells Fargo & Company MN now owns 33,911 shares of the company’s stock valued at $228,000 after buying an additional 11,910 shares during the period. Malaga Cove Capital LLC boosted its stake in Tecnoglass by 23.8% in the 3rd quarter. Malaga Cove Capital LLC now owns 92,905 shares of the company’s stock worth $654,000 after purchasing an additional 17,881 shares during the period. Vanguard Group Inc. boosted its stake in Tecnoglass by 24.6% in the 2nd quarter. Vanguard Group Inc. now owns 77,402 shares of the company’s stock worth $722,000 after purchasing an additional 15,261 shares during the period. Northern Trust Corp boosted its stake in Tecnoglass by 15.6% in the 2nd quarter. Northern Trust Corp now owns 34,006 shares of the company’s stock worth $317,000 after purchasing an additional 4,588 shares during the period. Finally, Kennedy Capital Management Inc. boosted its stake in Tecnoglass by 113.9% in the 2nd quarter. Kennedy Capital Management Inc. now owns 292,636 shares of the company’s stock worth $2,727,000 after purchasing an additional 155,847 shares during the period. 2.56% of the stock is owned by institutional investors.
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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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