Tecnoglass Inc (NASDAQ:TGLS) saw a large decrease in short interest in July. As of July 15th, there was short interest totalling 236,000 shares, a decrease of 12.0% from the June 30th total of 268,200 shares. Based on an average daily volume of 72,400 shares, the short-interest ratio is presently 3.3 days. Approximately 1.3% of the company’s shares are sold short.
Institutional investors have recently modified their holdings of the company. Aptus Capital Advisors LLC purchased a new stake in shares of Tecnoglass in the second quarter worth approximately $426,000. Invesco Ltd. raised its stake in shares of Tecnoglass by 95.7% in the first quarter. Invesco Ltd. now owns 130,260 shares of the company’s stock worth $503,000 after purchasing an additional 63,696 shares during the last quarter. National Investment Services of America LLC raised its stake in shares of Tecnoglass by 40.4% in the first quarter. National Investment Services of America LLC now owns 146,073 shares of the company’s stock worth $564,000 after purchasing an additional 42,029 shares during the last quarter. Monarch Partners Asset Management LLC raised its stake in shares of Tecnoglass by 28.2% in the first quarter. Monarch Partners Asset Management LLC now owns 175,183 shares of the company’s stock worth $676,000 after purchasing an additional 38,516 shares during the last quarter. Finally, Penn Capital Management Co. Inc. raised its stake in shares of Tecnoglass by 12.7% in the first quarter. Penn Capital Management Co. Inc. now owns 287,099 shares of the company’s stock worth $1,108,000 after purchasing an additional 32,265 shares during the last quarter. 14.19% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts recently commented on the company. Zacks Investment Research lowered Tecnoglass from a “hold” rating to a “sell” rating in a research report on Tuesday, June 16th. Raymond James cut their target price on Tecnoglass from $7.00 to $6.00 and set a “strong-buy” rating on the stock in a research report on Monday, May 11th. Finally, ValuEngine upgraded Tecnoglass from a “sell” rating to a “hold” rating in a research report on Thursday, July 2nd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. Tecnoglass presently has a consensus rating of “Hold” and an average price target of $7.63.
Shares of NASDAQ:TGLS opened at $4.95 on Friday. The business’s 50 day simple moving average is $5.28 and its two-hundred day simple moving average is $5.27. The firm has a market cap of $228.29 million, a P/E ratio of -164.95, a PEG ratio of 0.50 and a beta of 1.38. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.80 and a current ratio of 2.38. Tecnoglass has a 52-week low of $2.15 and a 52-week high of $8.93.
Tecnoglass (NASDAQ:TGLS) last announced its quarterly earnings results on Friday, May 8th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.04). The firm had revenue of $87.30 million during the quarter, compared to the consensus estimate of $105.92 million. Tecnoglass had a positive return on equity of 17.27% and a negative net margin of 0.38%. On average, equities analysts forecast that Tecnoglass will post 0.5 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Wednesday, July 8th were issued a $0.027 dividend. The ex-dividend date was Tuesday, July 7th. This represents a $0.11 annualized dividend and a yield of 2.18%. Tecnoglass’s payout ratio is currently 15.94%.
Tecnoglass Inc, through its subsidiaries, manufactures, supplies, and installs architectural glass, windows, and associated aluminum products for the commercial and residential construction industries in North, Central, and South America. The company offers low emissivity, laminated/thermo-laminated, thermo-acoustic, tempered, silk-screened, curved, and digital print glass products.
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