Tecnoglass Inc. (NASDAQ:TGLS - Get Free Report) fell 4.6% during mid-day trading on Tuesday . The stock traded as low as $68.36 and last traded at $68.43. 101,940 shares changed hands during mid-day trading, a decline of 72% from the average session volume of 366,242 shares. The stock had previously closed at $71.75.
Tecnoglass Trading Up 0.1 %
The stock has a market cap of $3.19 billion, a PE ratio of 21.21 and a beta of 1.66. The company has a quick ratio of 1.63, a current ratio of 2.21 and a debt-to-equity ratio of 0.20. The stock's fifty day moving average price is $70.05 and its 200 day moving average price is $74.72.
Tecnoglass Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.88%. The ex-dividend date is Monday, March 31st. Tecnoglass's dividend payout ratio is currently 17.49%.
Hedge Funds Weigh In On Tecnoglass
A number of hedge funds have recently bought and sold shares of TGLS. Principal Financial Group Inc. purchased a new position in shares of Tecnoglass during the third quarter valued at approximately $2,211,000. Tidal Investments LLC purchased a new position in shares of Tecnoglass during the 3rd quarter worth $585,000. Barclays PLC grew its position in shares of Tecnoglass by 32.2% during the 3rd quarter. Barclays PLC now owns 35,376 shares of the company's stock valued at $2,429,000 after acquiring an additional 8,613 shares during the period. Geode Capital Management LLC increased its stake in shares of Tecnoglass by 4.8% in the 3rd quarter. Geode Capital Management LLC now owns 500,265 shares of the company's stock worth $34,355,000 after purchasing an additional 22,700 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of Tecnoglass by 6.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 19,237 shares of the company's stock worth $1,321,000 after purchasing an additional 1,146 shares in the last quarter. Hedge funds and other institutional investors own 37.35% of the company's stock.
About Tecnoglass
(
Get Free Report)
Tecnoglass Inc manufactures, supplies, and installs architectural glass, windows, and associated aluminum and vinyl products for commercial and residential construction markets in Colombia, the United States, Panama, and internationally. The company provides low emissivity, laminated/thermo-laminated, thermo-acoustic, tempered, silk-screened, curved, and digital print glass products.
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