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.

In other news, Director Martha L. Byorum sold 4,000 shares of the business’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $7.06, for a total value of $28,240.00. Following the completion of the transaction, the director now owns 113,651 shares of the company’s stock, valued at approximately $802,376.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Julio A. Torres sold 7,000 shares of the business’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $7.00, for a total transaction of $49,000.00. Following the completion of the transaction, the director now directly owns 106,751 shares of the company’s stock, valued at approximately $747,257. The disclosure for this sale can be found here. Insiders sold a total of 27,900 shares of company stock valued at $197,285 in the last three months. 67.20% of the stock is owned by company insiders.

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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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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