Zacks Research Downgrades Tecnoglass (NYSE:TGLS) to Strong Sell

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

Several other analysts also recently issued reports on TGLS. Wall Street Zen downgraded shares of Tecnoglass from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Weiss Ratings lowered Tecnoglass from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, October 24th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce”.

Tecnoglass Stock Performance

NYSE TGLS traded up $0.17 on Monday, hitting $46.46. 232,064 shares of the stock were exchanged, compared to its average volume of 363,130. The company has a quick ratio of 1.44, a current ratio of 1.98 and a debt-to-equity ratio of 0.15. Tecnoglass has a 52-week low of $46.02 and a 52-week high of $90.34. The stock has a market capitalization of $2.18 billion, a price-to-earnings ratio of 12.07, a P/E/G ratio of 0.54 and a beta of 1.78. The business has a fifty day moving average price of $63.98.

Tecnoglass (NYSE:TGLS) last released its earnings results on Thursday, November 6th. The company reported $1.00 earnings per share (EPS) for the quarter, missing the consensus estimate 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 the consensus estimate 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.