Martha L. Byorum Sells 4,000 Shares of Tecnoglass Inc. (NASDAQ:TGLS) Stock

Tecnoglass Inc. (NASDAQ:TGLS) Director Martha L. Byorum sold 4,000 shares of Tecnoglass stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $7.06, for a total transaction of $28,240.00. Following the completion of the transaction, the director now directly owns 113,651 shares of the company’s stock, valued at $802,376.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Tecnoglass Inc. (TGLS) traded up $0.04 during mid-day trading on Wednesday, reaching $7.44. 27,866 shares of the company’s stock were exchanged, compared to its average volume of 42,240. The company has a debt-to-equity ratio of 1.79, a current ratio of 2.38 and a quick ratio of 1.74. Tecnoglass Inc. has a fifty-two week low of $5.50 and a fifty-two week high of $12.34. The company has a market capitalization of $246.58, a PE ratio of 16.36, a price-to-earnings-growth ratio of 0.84 and a beta of 0.51.

A number of analysts have recently commented on TGLS shares. ValuEngine upgraded shares of Tecnoglass from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Zacks Investment Research upgraded shares of Tecnoglass from a “hold” rating to a “buy” rating and set a $8.00 target price for the company in a research report on Wednesday, November 22nd. Dougherty & Co lowered shares of Tecnoglass from a “buy” rating to a “neutral” rating in a research report on Tuesday, August 15th. Finally, BidaskClub lowered shares of Tecnoglass from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 8th.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Northern Trust Corp grew its holdings in Tecnoglass by 15.6% during the 2nd quarter. Northern Trust Corp now owns 34,006 shares of the company’s stock worth $317,000 after acquiring an additional 4,588 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of Tecnoglass by 36.7% during the second quarter. Wells Fargo & Company MN now owns 22,001 shares of the company’s stock valued at $205,000 after buying an additional 5,902 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Tecnoglass by 24.6% in the 2nd quarter. Vanguard Group Inc. now owns 77,402 shares of the company’s stock valued at $722,000 after purchasing an additional 15,261 shares during the last quarter. Malaga Cove Capital LLC raised its position in shares of Tecnoglass by 23.8% in the 3rd quarter. Malaga Cove Capital LLC now owns 92,905 shares of the company’s stock valued at $654,000 after purchasing an additional 17,881 shares during the last quarter. Finally, Boston Partners purchased a new position in shares of Tecnoglass in the 2nd quarter valued at approximately $975,000. Hedge funds and other institutional investors own 2.56% of the company’s stock.

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Tecnoglass Company Profile

Tecnoglass Inc, through its subsidiaries, manufactures and sells architectural glass and windows for residential and commercial construction industries in North, Central, and South America. The company offers soft coat, laminated/thermo-laminated, thermo-acoustic, tempered, silk-screened, curved, and digital print glass.

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