Tecnoglass Inc (NASDAQ:TGLS) has been assigned an average broker rating score of 2.00 (Buy) from the two analysts that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company.

Brokers have set a one year consensus price objective of $12.50 for the company and are expecting that the company will post $0.17 EPS for the current quarter, according to Zacks. Zacks has also assigned Tecnoglass an industry rank of 214 out of 255 based on the ratings given to its competitors.

Several brokerages have recently commented on TGLS. BidaskClub raised shares of Tecnoglass from a “sell” rating to a “hold” rating in a research report on Friday, July 13th. Zacks Investment Research downgraded shares of Tecnoglass from a “hold” rating to a “sell” rating in a research report on Wednesday, May 23rd. ValuEngine raised shares of Tecnoglass from a “hold” rating to a “buy” rating in a research report on Monday, August 13th. Finally, B. Riley raised their price objective on shares of Tecnoglass from $11.50 to $12.50 and gave the stock a “buy” rating in a research report on Monday, August 13th.

In other news, Director Martha L. Byorum sold 8,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 13th. The shares were sold at an average price of $9.44, for a total transaction of $75,520.00. Following the completion of the sale, the director now owns 94,064 shares of the company’s stock, valued at approximately $887,964.16. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 67.20% of the company’s stock.

An institutional investor recently bought a new position in Tecnoglass stock. Covey Capital Advisors LLC bought a new position in Tecnoglass Inc (NASDAQ:TGLS) during the first quarter, according to its most recent filing with the SEC. The firm bought 10,625 shares of the company’s stock, valued at approximately $100,000. Institutional investors own 4.33% of the company’s stock.

NASDAQ:TGLS opened at $9.59 on Friday. The company has a market cap of $353.01 million, a price-to-earnings ratio of 29.97, a PEG ratio of 0.73 and a beta of 0.70. The company has a debt-to-equity ratio of 1.53, a current ratio of 2.50 and a quick ratio of 1.77. Tecnoglass has a fifty-two week low of $6.67 and a fifty-two week high of $10.29.

Tecnoglass (NASDAQ:TGLS) last released its earnings results on Wednesday, August 8th. The company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.07. The business had revenue of $88.97 million during the quarter, compared to the consensus estimate of $89.34 million. Tecnoglass had a net margin of 4.34% and a return on equity of 14.63%. sell-side analysts expect that Tecnoglass will post 0.66 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 19th. Stockholders of record on Friday, October 26th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 5.84%. The ex-dividend date of this dividend is Thursday, October 25th. Tecnoglass’s dividend payout ratio (DPR) is 175.00%.

Tecnoglass Company Profile

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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