In yesterday’s Wall Street session, Tecnoglass Inc (NYSE:TGLS) shares traded at $44.06, down -0.74% from the previous session.
TGLS stock price is now -17.29% away from the 50-day moving average and 0.75% away from the 200-day moving average. The market capitalization of the company currently stands at $2.07B.
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With the price target enhanced from $56 to $59, Sidoti Downgraded its rating from Buy to Neutral for Tecnoglass Inc (NYSE: TGLS). On February 14, 2024, Stifel Downgraded its previous ‘Buy’ rating to ‘Hold’ on the stock reducing its target price from $48 to quote $45, while ‘Sidoti’ rates the stock as ‘Buy’
In other news, Giraldo Santiago, Chief Financial Officer bought 563 shares of the company’s stock on Mar 08 ’24. The stock was bought for $25,037 at an average price of $44.47. Upon completion of the transaction, the Chief Financial Officer now directly owns 563 shares in the company, valued at $24805.78. A total of 53.27% of the company’s stock is owned by insiders.
During the past 12 months, Tecnoglass Inc has had a low of $28.21 and a high of $59.76. As of last week, the company has a debt-to-equity ratio of 0.28, a current ratio of 2.33, and a quick ratio of 1.72. According to the stock market information, the enterprise value for the company is $2083502976, which is based on a 12.71 price-to-earnings ratio, a 13.52 price-to-earnings-growth ratio, and a beta of 1.84. The fifty day moving average price for TGLS is $53.0446 and a two-hundred day moving average price translates $43.758 for the stock.
The latest earnings results from Tecnoglass Inc (NYSE: TGLS) was released for 2024-03-31. The net profit margin was 19.97% and return on equity was 33.81% for TGLS. The company reported revenue of $192.63 million for the quarter, compared to $202.64 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -4.94 percent.
