Tecnoglass (TGLS) Lowered to Sell at BidaskClub

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Tecnoglass (NASDAQ:TGLS) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Thursday.

Other equities analysts have also recently issued reports about the company. Zacks Investment Research cut Tecnoglass from a “buy” rating to a “hold” rating in a report on Tuesday, February 19th. ValuEngine upgraded Tecnoglass from a “hold” rating to a “buy” rating in a report on Thursday, November 8th. B. Riley upped their price objective on Tecnoglass from $12.50 to $13.00 and gave the stock a “buy” rating in a report on Thursday, November 8th. Finally, Dougherty & Co set a $13.00 price objective on Tecnoglass and gave the stock a “buy” rating in a report on Thursday, November 8th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $11.75.

Tecnoglass stock traded up $0.28 during midday trading on Thursday, hitting $8.68. 43,243 shares of the company’s stock were exchanged, compared to its average volume of 18,430. Tecnoglass has a 52-week low of $7.36 and a 52-week high of $10.29. The company has a quick ratio of 1.78, a current ratio of 2.59 and a debt-to-equity ratio of 1.49. The stock has a market cap of $318.29 million, a price-to-earnings ratio of 27.11, a PEG ratio of 0.56 and a beta of 1.30.

In other news, Director Martha L. Byorum sold 5,994 shares of the company’s stock in a transaction dated Wednesday, February 13th. The stock was 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 directly owns 79,764 shares in the company, valued at approximately $674,803.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.90% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Tecnoglass in the 4th quarter valued at about $687,000. BlackRock Inc. lifted its stake in shares of Tecnoglass by 8,803.0% in the 4th quarter. BlackRock Inc. now owns 53,863 shares of the company’s stock valued at $435,000 after acquiring an additional 53,258 shares during the last quarter. Perritt Capital Management Inc. lifted its stake in shares of Tecnoglass by 17.6% in the 4th quarter. Perritt Capital Management Inc. now owns 139,752 shares of the company’s stock valued at $1,128,000 after acquiring an additional 20,882 shares during the last quarter. California Public Employees Retirement System lifted its stake in shares of Tecnoglass by 1.7% in the 4th quarter. California Public Employees Retirement System now owns 89,222 shares of the company’s stock valued at $720,000 after acquiring an additional 1,496 shares during the last quarter. Finally, Crestline Management LP bought a new stake in shares of Tecnoglass in the 3rd quarter valued at about $553,000. Hedge funds and other institutional investors own 4.33% of the company’s stock.

About Tecnoglass

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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