Tecnoglass (NASDAQ:TGLS) Trading Up 5.4% – What’s Next?

Tecnoglass Inc. (NASDAQ:TGLS) shares shot up 5.4% during mid-day trading on Monday . The stock traded as high as $71.68 and last traded at $71.89. 20,110 shares changed hands during trading, a decline of 94% from the average session volume of 355,099 shares. The stock had previously closed at $68.23.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on Tecnoglass in a research note on Saturday, December 14th. They issued a “hold” rating on the stock. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Tecnoglass currently has an average rating of “Hold” and an average target price of $77.40.

Tecnoglass Stock Up 3.4 %

The company has a debt-to-equity ratio of 0.20, a current ratio of 2.21 and a quick ratio of 1.63. The stock has a 50 day simple moving average of $74.91 and a 200-day simple moving average of $73.89. The firm has a market cap of $3.31 billion, a PE ratio of 22.04 and a beta of 1.94.

Tecnoglass Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date is Monday, March 31st. Tecnoglass’s payout ratio is 17.49%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of TGLS. USA Financial Formulas bought a new position in Tecnoglass during the 4th quarter valued at about $26,000. R Squared Ltd purchased a new position in shares of Tecnoglass during the fourth quarter valued at approximately $70,000. Signaturefd LLC lifted its position in Tecnoglass by 32.6% during the fourth quarter. Signaturefd LLC now owns 898 shares of the company’s stock valued at $71,000 after purchasing an additional 221 shares during the period. Covestor Ltd boosted its holdings in Tecnoglass by 6,293.8% in the fourth quarter. Covestor Ltd now owns 1,023 shares of the company’s stock worth $81,000 after purchasing an additional 1,007 shares during the last quarter. Finally, Quadrant Capital Group LLC grew its position in Tecnoglass by 18.7% in the 4th quarter. Quadrant Capital Group LLC now owns 1,079 shares of the company’s stock worth $86,000 after purchasing an additional 170 shares during the period. Hedge funds and other institutional investors own 37.35% of the company’s stock.

Tecnoglass Company Profile

Tecnoglass Inc manufactures, supplies, and installs architectural glass, windows, and associated aluminum and vinyl products for commercial and residential construction markets in Colombia, the United States, Panama, and internationally. The company provides low emissivity, laminated/thermo-laminated, thermo-acoustic, tempered, silk-screened, curved, and digital print glass products.