ValuEngine Downgrades Tecnoglass (TGLS) to Hold
Tecnoglass (NASDAQ:TGLS) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a note issued to investors on Monday.
Several other research analysts have also issued reports on the stock. Zacks Investment Research raised shares of Tecnoglass from a “hold” rating to a “buy” rating and set a $9.50 target price on the stock in a research note on Saturday. BidaskClub raised shares of Tecnoglass from a “sell” rating to a “hold” rating in a research note on Saturday, November 10th. Dougherty & Co set a $13.00 target price on shares of Tecnoglass and gave the company a “buy” rating in a research note on Thursday, November 8th. Finally, B. Riley lifted their price objective on shares of Tecnoglass from $12.50 to $13.00 and gave the stock a “buy” rating in a research note on Thursday, November 8th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $11.83.
Shares of NASDAQ TGLS opened at $8.58 on Monday. The stock has a market capitalization of $322.01 million, a PE ratio of 26.81, a price-to-earnings-growth ratio of 0.57 and a beta of 1.30. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.78 and a current ratio of 2.59. Tecnoglass has a 1 year low of $7.36 and a 1 year high of $10.29.
An institutional investor recently bought a new position in Tecnoglass stock. Crestline Management LP acquired a new position in shares of Tecnoglass Inc (NASDAQ:TGLS) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 56,210 shares of the company’s stock, valued at approximately $553,000. Crestline Management LP owned about 0.15% of Tecnoglass at the end of the most recent reporting period. 3.93% of the stock is owned by institutional investors and hedge funds.
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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To view ValuEngine’s full report, visit ValuEngine’s official website.
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