Tecnoglass (NASDAQ:TGLS) Downgraded by Zacks Investment Research to Hold

Tecnoglass stock has undergone multiple analysts rating changes in the recent past.  Tecnoglass Downgraded by Zacks Investment Research on 10-12-21. In a note to investors, the firm issued a new rating of Hold. The analysts previously had rating of Strong-Buy.

Shares of Tecnoglass traded up $1.51 on Tuesday, reaching $26.14. 0 shares of the stock traded hands, compared to its average volume of 273394. Shares of Tecnoglass were trading at $26.14 on Tuesday. The firm’s 50 day moving average is $22.38 and its 200 day moving average is $15.57.Tecnoglass has a 12 month low of $24.50 and a 12 month high of $27.00. While on yearly highs and lows, Tecnoglass’s today has traded high as $26.69 and has touched $24.50 on the downward trend. See More Analyst Rating at: RATING

Tecnoglass Earnings and What to expect: 

Tecnoglass last announced its quarterly earnings data on August 6th, 2021. The reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.11. The company had revenue of $121.71 million for the quarter, compared to analysts’ expectations of $106.77 million. Tecnoglass has generated $0.79 earnings per share over the last year ($1.15 diluted earnings per share) and currently has a price-to-earnings ratio of 22.7. Earnings for Tecnoglass are expected to grow by 11.59% in the coming year, from $1.38 to $1.54 per share. Tecnoglass has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Friday, November 5th, 2021 based off prior year’s report dates.

Earnings for Tecnoglass are expected to grow by 11.59% in the coming year, from $1.38 to $1.54 per share. The P/E ratio of Tecnoglass is 22.73, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 14.78. The P/E ratio of Tecnoglass is 22.73, which means that it is trading at a more expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 21.00. Tecnoglass has a PEG Ratio of 0.80. PEG Ratios below 1 indicate that a company could be undervalued. Tecnoglass has a P/B Ratio of 5.85. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Tecnoglass (NASDAQ:TGLS) Moving Average Technical Analysis

5 day Moving Average is $24.99 And 5 day price change is $3.76 (16.80%)  with average volume for 5 day average is 560,300. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $22.59 and 20 day price change is $4.82 (22.61%) and average 20 day moving volume is 278,755. 50 day moving average is $22.38  and 50 day price change is $6.90 ( 35.86%)  and with average volume for 50 days is : 292,240. 200 day moving average is $15.57  and 200 day price change is $19.04 (268.17%)  and with average volume for 200 days is : 312,831.

Other owners latest trading in Tecnoglass :

  • On 8/25/2021 shares held by Marshall Wace LLP were 126,639 which equates to market value of $2.71M and appx 0.00% owners of Tecnoglass
  • On 8/25/2021 shares held by Marshall Wace North America L.P. were 88,141 which equates to market value of $1.89M and appx 0.00% owners of Tecnoglass
  • On 8/23/2021 shares held by Morgan Stanley were 45,189 which equates to market value of $0.97M and appx 0.00% owners of Tecnoglass
  • In total Institutional ownership equates to Institutional Ownership Percentage: 18.79% for Tecnoglass

See More Analyst Rating at: RATING