Tecnoglass Inc. (NASDAQ:TGLS) Director Martha L. Byorum sold 7,000 shares of the company’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $7.09, for a total value of $49,630.00. Following the transaction, the director now directly owns 113,651 shares in the company, valued at approximately $805,785.59. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
Tecnoglass Inc. (NASDAQ:TGLS) traded up $0.20 during midday trading on Wednesday, reaching $7.40. The company’s stock had a trading volume of 24,500 shares, compared to its average volume of 42,301. Tecnoglass Inc. has a 1-year low of $5.50 and a 1-year high of $12.34. The company has a current ratio of 2.38, a quick ratio of 1.74 and a debt-to-equity ratio of 1.79. The stock has a market cap of $246.58, a PE ratio of 16.36, a P/E/G ratio of 0.84 and a beta of 0.51.
A number of equities analysts have weighed in on the company. ValuEngine upgraded Tecnoglass from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 1st. Zacks Investment Research upgraded Tecnoglass from a “hold” rating to a “buy” rating and set a $8.00 price objective for the company in a report on Wednesday, November 22nd. Dougherty & Co cut Tecnoglass from a “buy” rating to a “neutral” rating in a report on Tuesday, August 15th. Finally, BidaskClub cut Tecnoglass from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 8th.
Large investors have recently made changes to their positions in the company. Wells Fargo & Company MN increased its position in Tecnoglass by 36.7% during the 2nd quarter. Wells Fargo & Company MN now owns 22,001 shares of the company’s stock valued at $205,000 after buying an additional 5,902 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Tecnoglass by 15.6% in the 2nd quarter. Northern Trust Corp now owns 34,006 shares of the company’s stock worth $317,000 after purchasing an additional 4,588 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Tecnoglass by 24.6% in the 2nd quarter. Vanguard Group Inc. now owns 77,402 shares of the company’s stock worth $722,000 after purchasing an additional 15,261 shares in the last quarter. Malaga Cove Capital LLC increased its holdings in shares of Tecnoglass by 23.8% in the 3rd quarter. Malaga Cove Capital LLC now owns 92,905 shares of the company’s stock worth $654,000 after purchasing an additional 17,881 shares in the last quarter. Finally, Boston Partners bought a new stake in shares of Tecnoglass in the 2nd quarter worth $975,000. 2.56% of the stock is owned by hedge funds and other institutional investors.
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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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