Andina Acquisition (NASDAQ:TGLS) is set to release its earnings data before the market opens on Wednesday, March 14th. Analysts expect Andina Acquisition to post earnings of $0.13 per share for the quarter.
Shares of Andina Acquisition (NASDAQ:TGLS) opened at $9.08 on Tuesday. The company has a current ratio of 2.38, a quick ratio of 1.74 and a debt-to-equity ratio of 1.79. Andina Acquisition has a fifty-two week low of $5.50 and a fifty-two week high of $11.85. The firm has a market capitalization of $313.36, a price-to-earnings ratio of 31.31, a P/E/G ratio of 0.80 and a beta of 0.65.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 30th. Investors of record on Thursday, March 29th will be issued a dividend of $0.14 per share. The ex-dividend date of this dividend is Wednesday, March 28th. This is an increase from Andina Acquisition’s previous quarterly dividend of $0.13. This represents a $0.56 annualized dividend and a dividend yield of 6.17%. Andina Acquisition’s dividend payout ratio (DPR) is currently 193.10%.
An institutional investor recently raised its position in Andina Acquisition stock. Northern Trust Corp raised its holdings in Andina Acquisition Corp (NASDAQ:TGLS) by 15.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 34,006 shares of the company’s stock after acquiring an additional 4,588 shares during the quarter. Northern Trust Corp owned 0.10% of Andina Acquisition worth $317,000 as of its most recent filing with the SEC. 3.32% of the stock is owned by institutional investors.
Several brokerages recently weighed in on TGLS. B. Riley began coverage on Andina Acquisition in a report on Tuesday, March 6th. They set a “buy” rating and a $11.00 price target for the company. BidaskClub downgraded Andina Acquisition from a “buy” rating to a “hold” rating in a report on Wednesday, February 14th. ValuEngine downgraded Andina Acquisition from a “buy” rating to a “hold” rating in a report on Thursday, February 8th. Finally, Zacks Investment Research raised 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. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Andina Acquisition presently has an average rating of “Hold” and an average price target of $9.50.
Andina Acquisition 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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