Tecnoglass Inc. (NASDAQ:TGLS - Get Free Report)'s share price traded up 5.4% during trading on Monday . The company traded as high as $71.68 and last traded at $71.89. 20,110 shares were traded during trading, a decline of 94% from the average session volume of 355,099 shares. The stock had previously closed at $68.23.
Analysts Set New Price Targets
Separately, StockNews.com started coverage on shares of Tecnoglass in a research note on Saturday, December 14th. They set a "hold" rating for the company. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Tecnoglass has an average rating of "Hold" and an average target price of $77.40.
Read Our Latest Analysis on Tecnoglass
Tecnoglass Trading Down 1.4 %
The company has a market capitalization of $3.37 billion, a PE ratio of 22.41 and a beta of 1.94. The company has a fifty day simple moving average of $74.60 and a 200-day simple moving average of $73.99. The company has a current ratio of 2.21, a quick ratio of 1.63 and a debt-to-equity ratio of 0.20.
Tecnoglass Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be issued a $0.15 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.60 annualized dividend and a dividend yield of 0.84%. Tecnoglass's dividend payout ratio is currently 17.49%.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the business. USA Financial Formulas acquired a new position in shares of Tecnoglass in the 4th quarter valued at $26,000. R Squared Ltd purchased a new position in shares of Tecnoglass in the fourth quarter valued at $70,000. Signaturefd LLC lifted its stake in Tecnoglass by 32.6% in the 4th quarter. Signaturefd LLC now owns 898 shares of the company's stock valued at $71,000 after buying an additional 221 shares in the last quarter. Covestor Ltd lifted its holdings in Tecnoglass by 6,293.8% in the 4th quarter. Covestor Ltd now owns 1,023 shares of the company's stock valued at $81,000 after purchasing an additional 1,007 shares in the last quarter. Finally, Quadrant Capital Group LLC boosted its position in Tecnoglass by 18.7% during the fourth quarter. Quadrant Capital Group LLC now owns 1,079 shares of the company's stock worth $86,000 after acquiring an additional 170 shares during the last quarter. Institutional investors and hedge funds own 37.35% of the company's stock.
Tecnoglass Company Profile
(
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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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