In yesterday’s Wall Street session, Tecnoglass Inc (NYSE:TGLS) shares traded at $52.03, down -1.23% from the previous session.
TGLS stock price is now 12.19% away from the 50-day moving average and 25.63% away from the 200-day moving average. The market capitalization of the company currently stands at $2.45B.
With the price target reduced from $48 to $45, Stifel Downgraded its rating from Buy to Hold for Tecnoglass Inc (NYSE: TGLS). On June 15, 2023, Stifel recently initiated its ‘Buy’ rating on the stock quoting a target price of $60, while ‘Sidoti’ rates the stock as ‘Buy’
In other news, Giraldo Santiago, Chief Financial Officer bought 563 shares of the company’s stock on Mar 08 ’24. The stock was bought for $25,037 at an average price of $44.47. Upon completion of the transaction, the Chief Financial Officer now directly owns 563 shares in the company, valued at $29292.89. An SEC document containing details of the transaction can be found on the SEC’s website. On May 19 ’23, 10% Owner Energy Holding Corp sold 2,300,000 shares of the business’s stock. A total of $94,449,500 was realized by selling the stock at an average price of $41.06. This leaves the insider owning 24,628,108 shares of the company worth $1.28 billion. A total of 52.76% of the company’s stock is owned by insiders.
During the past 12 months, Tecnoglass Inc has had a low of $28.21 and a high of $54.40. As of last week, the company has a debt-to-equity ratio of 0.31, a current ratio of 2.27, and a quick ratio of 1.60. According to the stock market information, the enterprise value for the company is $2.51B, which is based on a 13.52 price-to-earnings ratio, a 14.39 price-to-earnings-growth ratio, and a beta of 1.80. The fifty day moving average price for TGLS is $46.38 and a two-hundred day moving average price translates $41.41 for the stock.
The latest earnings results from Tecnoglass Inc (NYSE: TGLS) was released for Dec, 2023. According to the Building Materials Company, earnings per share came in at $0.8, beating analysts’ expectations of $0.76 by 0.04. This compares to $1.16 EPS in the same period last year. The net profit margin was 21.95% and return on equity was 40.78% for TGLS. The company reported revenue of $194.6 million for the quarter, compared to $211.12 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -7.82 percent. For the current quarter, analysts expect TGLS to generate $197.47M in revenue.
