Tecnoglass Inc. (NASDAQ:TGLS) issued its earnings results on Friday. The company reported $0.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by $0.09, MarketWatch Earnings reports. Tecnoglass had a return on equity of 20.04% and a net margin of 3.42%.

Shares of Tecnoglass (TGLS) traded down 21.4273% during midday trading on Friday, reaching $6.3801. 197,359 shares of the company traded hands. The company has a market capitalization of $213.65 million, a PE ratio of 19.9378 and a beta of 0.44. The company has a 50 day moving average price of $9.15 and a 200 day moving average price of $10.35. Tecnoglass has a 1-year low of $6.36 and a 1-year high of $12.93.

In other Tecnoglass news, Director Martha L. Byorum sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $9.27, for a total transaction of $46,350.00. Following the sale, the director now owns 110,579 shares of the company’s stock, valued at approximately $1,025,067.33. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 67.20% of the stock is currently owned by insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN increased its stake in Tecnoglass by 36.7% in the second 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 during the period. Boston Partners acquired a new stake in Tecnoglass during the second quarter valued at approximately $975,000. Finally, Kennedy Capital Management Inc. increased its stake in Tecnoglass by 113.9% in the second quarter. Kennedy Capital Management Inc. now owns 292,636 shares of the company’s stock valued at $2,727,000 after buying an additional 155,847 shares during the period. 4.90% of the stock is currently owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION WARNING: This story was originally reported by Daily Political and is owned by of Daily Political. If you are viewing this story on another site, it was illegally copied and republished in violation of U.S. and international copyright & trademark legislation. The correct version of this story can be viewed at https://www.dailypolitical.com/2017/08/11/tecnoglass-inc-tgls-issues-quarterly-earnings-results-misses-expectations-by-0-09-eps.html.

TGLS has been the topic of several research reports. Zacks Investment Research cut shares of Tecnoglass from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 30th. BidaskClub upgraded shares of Tecnoglass from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st.

Earnings History for Tecnoglass (NASDAQ:TGLS)

Receive News & Ratings for Tecnoglass Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tecnoglass Inc. and related companies with MarketBeat.com's FREE daily email newsletter.