Tecnoglass (TGLS) Sets New 12-Month Low at $7.00

Tecnoglass Inc (NASDAQ:TGLS) shares hit a new 52-week low on Thursday . The stock traded as low as $7.00 and last traded at $7.24, with a volume of 1164 shares trading hands. The stock had previously closed at $7.54.

TGLS has been the subject of a number of research reports. Zacks Investment Research raised shares of Tecnoglass from a “hold” rating to a “buy” rating and set a $9.50 price target for the company in a research report on Saturday, February 2nd. BidaskClub raised shares of Tecnoglass from a “sell” rating to a “hold” rating in a research report on Monday, February 25th. Finally, ValuEngine cut shares of Tecnoglass from a “buy” rating to a “hold” rating in a research report on Wednesday, November 14th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. Tecnoglass has a consensus rating of “Hold” and an average price target of $11.75.

The company has a market capitalization of $304.74 million, a price-to-earnings ratio of 8.88, a PEG ratio of 0.57 and a beta of 1.32. The company has a current ratio of 2.39, a quick ratio of 1.78 and a debt-to-equity ratio of 1.66.



Tecnoglass (NASDAQ:TGLS) last released its quarterly earnings data on Thursday, March 7th. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.10. The firm had revenue of $97.86 million for the quarter, compared to analyst estimates of $95.14 million. Tecnoglass had a net margin of 2.39% and a return on equity of 22.76%. As a group, research analysts expect that Tecnoglass Inc will post 0.7 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, February 28th. Shareholders of record on Thursday, January 31st were given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 7.39%. The ex-dividend date was Wednesday, January 30th. Tecnoglass’s dividend payout ratio (DPR) is 65.88%.

In other Tecnoglass news, Director Martha L. Byorum sold 5,994 shares of the company’s stock in a transaction dated Wednesday, February 13th. The shares were sold at an average price of $8.46, for a total value of $50,709.24. Following the completion of the transaction, the director now owns 79,764 shares in the company, valued at approximately $674,803.44. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.90% of the stock is currently owned by corporate insiders.

Several institutional investors have recently bought and sold shares of TGLS. BlackRock Inc. boosted its holdings in shares of Tecnoglass by 8,803.0% in the fourth quarter. BlackRock Inc. now owns 53,863 shares of the company’s stock valued at $435,000 after acquiring an additional 53,258 shares in the last quarter. Crestline Management LP bought a new position in shares of Tecnoglass during the 3rd quarter worth about $553,000. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Tecnoglass during the 4th quarter worth about $687,000. California Public Employees Retirement System lifted its holdings in shares of Tecnoglass by 1.7% during the 4th quarter. California Public Employees Retirement System now owns 89,222 shares of the company’s stock worth $720,000 after acquiring an additional 1,496 shares during the period. Finally, Renaissance Technologies LLC lifted its holdings in shares of Tecnoglass by 117.1% during the 3rd quarter. Renaissance Technologies LLC now owns 95,794 shares of the company’s stock worth $942,000 after acquiring an additional 51,671 shares during the period. Institutional investors and hedge funds own 4.33% of the company’s stock.

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Tecnoglass Company Profile (NASDAQ:TGLS)

Tecnoglass Inc, through its subsidiaries, manufactures and sells architectural glass, windows, and associated aluminum products for the global commercial and residential construction industries in North, Central, and South America. It offers soft coat, laminated/thermo-laminated, thermo-acoustic, tempered, silk-screened, curved, and digital print glass.

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