Andina Acquisition Corp (NASDAQ:TGLS) has been assigned a consensus broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a hold rating.

Zacks has also assigned Andina Acquisition an industry rank of 32 out of 265 based on the ratings given to related companies.

Several research analysts have recently weighed in on the stock. BidaskClub raised shares of Andina Acquisition from a “hold” rating to a “buy” rating in a report on Thursday. ValuEngine upgraded shares of Andina Acquisition from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Finally, Zacks Investment Research upgraded shares of Andina Acquisition 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.

Shares of Andina Acquisition (NASDAQ TGLS) traded up $1.10 during mid-day trading on Friday, reaching $9.20. 138,900 shares of the company’s stock were exchanged, compared to its average volume of 47,675. The company has a debt-to-equity ratio of 1.79, a current ratio of 2.38 and a quick ratio of 1.74. Andina Acquisition has a 1-year low of $5.50 and a 1-year high of $12.34. The company has a market cap of $315.07, a PE ratio of 31.72, a price-to-earnings-growth ratio of 0.69 and a beta of 0.49.

The firm also recently announced a dividend, which will be paid on Friday, January 26th. Shareholders of record on Friday, December 29th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Thursday, December 28th. Andina Acquisition’s dividend payout ratio is 193.10%.

In other Andina Acquisition news, Director Martha L. Byorum sold 7,900 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $7.05, for a total transaction of $55,695.00. Following the completion of the transaction, the director now owns 106,751 shares of the company’s stock, valued at $752,594.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Julio A. Torres sold 7,000 shares of the firm’s stock in a transaction that occurred 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 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 have sold 36,900 shares of company stock valued at $263,035 in the last ninety days. Insiders own 2.30% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in TGLS. Malaga Cove Capital LLC increased its position in shares of Andina Acquisition by 23.8% during the third quarter. Malaga Cove Capital LLC now owns 92,905 shares of the company’s stock valued at $654,000 after acquiring an additional 17,881 shares in the last quarter. Kennedy Capital Management Inc. increased its position in shares of Andina Acquisition by 113.9% during the second quarter. Kennedy Capital Management Inc. now owns 292,636 shares of the company’s stock valued at $2,727,000 after acquiring an additional 155,847 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of Andina Acquisition by 36.7% during the second quarter. Wells Fargo & Company MN now owns 22,001 shares of the company’s stock valued at $205,000 after acquiring an additional 5,902 shares in the last quarter. Northern Trust Corp increased its position in shares of Andina Acquisition by 15.6% during the second quarter. Northern Trust Corp now owns 34,006 shares of the company’s stock valued at $317,000 after acquiring an additional 4,588 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Andina Acquisition by 24.6% during the second quarter. Vanguard Group Inc. now owns 77,402 shares of the company’s stock valued at $722,000 after acquiring an additional 15,261 shares in the last quarter. 2.56% of the stock is owned by institutional investors and hedge funds.

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About Andina Acquisition

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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