Tecnoglass (NASDAQ:TGLS) Upgraded at B. Riley

Tecnoglass (NASDAQ:TGLS) was upgraded by investment analysts at B. Riley to a “strong-buy” rating in a research note issued to investors on Thursday,Zacks.com reports.

Tecnoglass Stock Performance

Shares of TGLS stock opened at $86.14 on Thursday. The firm’s 50 day moving average price is $72.11 and its 200-day moving average price is $75.19. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.63 and a current ratio of 2.21. Tecnoglass has a one year low of $40.94 and a one year high of $89.36. The firm has a market cap of $4.05 billion, a P/E ratio of 26.92 and a beta of 1.85.

Tecnoglass (NASDAQ:TGLS) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.82 by $0.10. Tecnoglass had a net margin of 17.82% and a return on equity of 27.71%. During the same period last year, the company posted $0.66 EPS. The business’s revenue for the quarter was up 15.4% on a year-over-year basis. As a group, equities research analysts predict that Tecnoglass will post 3.53 EPS for the current year.

Institutional Investors Weigh In On Tecnoglass

Several large investors have recently added to or reduced their stakes in the business. USA Financial Formulas acquired a new position in Tecnoglass during the 4th quarter worth approximately $26,000. JFS Wealth Advisors LLC grew its holdings in Tecnoglass by 1,350.0% during the 1st quarter. JFS Wealth Advisors LLC now owns 435 shares of the company’s stock worth $31,000 after acquiring an additional 405 shares in the last quarter. New Age Alpha Advisors LLC acquired a new position in Tecnoglass during the 1st quarter worth approximately $38,000. R Squared Ltd acquired a new position in Tecnoglass during the 4th quarter worth approximately $70,000. Finally, Signaturefd LLC grew its holdings in Tecnoglass by 32.6% during the 4th quarter. Signaturefd LLC now owns 898 shares of the company’s stock worth $71,000 after acquiring an additional 221 shares in the last quarter. 37.35% of the stock is owned by hedge funds and other institutional investors.

Tecnoglass Company Profile

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.