Tecnoglass (NYSE:TGLS) Rating Lowered to “Strong Sell” at Zacks Research

Tecnoglass (NYSE:TGLS) was downgraded by stock analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Several other equities analysts have also issued reports on the stock. Weiss Ratings lowered shares of Tecnoglass from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, October 24th. Wall Street Zen cut Tecnoglass from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Tecnoglass has a consensus rating of “Reduce”.

Tecnoglass Stock Performance

Shares of Tecnoglass stock opened at $46.41 on Monday. The company has a market capitalization of $2.18 billion, a P/E ratio of 12.05, a PEG ratio of 0.54 and a beta of 1.78. The business has a 50-day moving average price of $63.98. Tecnoglass has a one year low of $46.11 and a one year high of $90.34. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.98 and a quick ratio of 1.44.

Tecnoglass (NYSE:TGLS) last issued its quarterly earnings data on Thursday, November 6th. The company reported $1.00 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.11). Tecnoglass had a return on equity of 26.64% and a net margin of 18.46%.The firm had revenue of $260.48 million during the quarter, compared to analysts’ expectations of $265.28 million.

Tecnoglass Company Profile

Tecnoglass Inc, through its subsidiaries, designs, produces, markets, and installs architectural systems for the commercial and residential construction industries in Colombia, the United States, Panama, and internationally. The company offers low emissivity, laminated/thermo-laminated, thermo-acoustic, tempered, silk-screened, curved, and digital print glass products.