Tecnoglass (NASDAQ:TGLS) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday.
Several other brokerages have also issued reports on TGLS. ValuEngine raised shares of Tecnoglass from a “buy” rating to a “strong-buy” rating in a report on Friday, December 1st. Zacks Investment Research raised shares of Tecnoglass from a “hold” rating to a “buy” rating and set a $8.00 price target on the stock in a research report on Wednesday, November 22nd. Finally, Dougherty & Co cut 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 current ratio of 2.38, a quick ratio of 1.74 and a debt-to-equity ratio of 1.79. Tecnoglass has a fifty-two week low of $5.50 and a fifty-two week high of $12.34. 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.
Several large investors have recently made changes to their positions in TGLS. Kennedy Capital Management Inc. grew its position in shares of Tecnoglass by 113.9% during 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 in the last quarter. Boston Partners bought a new stake in shares of Tecnoglass during the 2nd quarter worth approximately $975,000. Malaga Cove Capital LLC lifted its holdings in shares of Tecnoglass by 23.8% during the 3rd 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. lifted its holdings in shares of Tecnoglass by 24.6% during the 2nd 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, Wells Fargo & Company MN lifted its holdings in shares of Tecnoglass by 54.1% during the 3rd quarter. Wells Fargo & Company MN now owns 33,911 shares of the company’s stock worth $228,000 after acquiring an additional 11,910 shares during the period. Hedge funds and other institutional investors own 2.56% of the company’s stock.
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Tecnoglass Company Profile
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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