Tecnoglass (NYSE:TGLS) Reaches New 52-Week Low – Should You Sell?

Tecnoglass Inc. (NYSE:TGLS) shares reached a new 52-week low on Monday . The company traded as low as $37.29 and last traded at $37.2850, with a volume of 82822 shares trading hands. The stock had previously closed at $38.32.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on TGLS. Weiss Ratings reiterated a “hold (c-)” rating on shares of Tecnoglass in a research report on Monday, August 17th. Zacks Research upgraded Tecnoglass from a “strong sell” rating to a “hold” rating in a research report on Friday, June 12th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $63.33.

Tecnoglass Trading Down 2.8%

The business’s 50 day moving average price is $42.66 and its two-hundred day moving average price is $43.28. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.17 and a current ratio of 1.86. The company has a market capitalization of $1.65 billion and a price-to-earnings ratio of 13.11.

Tecnoglass (NYSE:TGLS) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.02. Tecnoglass had a net margin of 12.35% and a return on equity of 17.84%. The business had revenue of $295.29 million for the quarter. During the same quarter in the prior year, the business earned $1.03 EPS. Tecnoglass’s revenue was up 15.6% compared to the same quarter last year. Equities analysts forecast that Tecnoglass Inc. will post 2.58 earnings per share for the current fiscal year.

Tecnoglass Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Wednesday, September 30th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Wednesday, September 30th. Tecnoglass’s payout ratio is currently 21.13%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Kemnay Advisory Services Inc. bought a new stake in Tecnoglass in the fourth quarter worth about $28,000. Arax Advisory Partners boosted its position in shares of Tecnoglass by 128.4% during the 4th quarter. Arax Advisory Partners now owns 596 shares of the company’s stock valued at $30,000 after purchasing an additional 335 shares in the last quarter. Parallel Advisors LLC boosted its position in shares of Tecnoglass by 444.0% during the 1st quarter. Parallel Advisors LLC now owns 952 shares of the company’s stock valued at $42,000 after purchasing an additional 777 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its stake in shares of Tecnoglass by 223.4% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 637 shares of the company’s stock worth $43,000 after purchasing an additional 440 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd acquired a new position in shares of Tecnoglass in the 4th quarter worth approximately $44,000. Institutional investors own 37.35% of the company’s stock.

About Tecnoglass

Tecnoglass Inc is a manufacturer of architectural glass, windows and aluminum products for residential and commercial construction. The company produces impact-resistant and non-impact windows and doors, insulated and laminated glass, curtain-wall systems, storefronts, and aluminum profiles and framing systems.

Founded in 1994, Tecnoglass is headquartered in Barranquilla, Colombia, where it operates a vertically integrated manufacturing platform. Its products are used in new construction and renovation projects, including high-rise buildings, multifamily housing, commercial properties and single-family homes.

Tecnoglass serves customers primarily in the United States, as well as in Colombia and other international markets across Latin America and the Caribbean.