Tecnoglass (NASDAQ:TGLS) Sets New 52-Week High - What's Next?

Tecnoglass Inc. (NASDAQ:TGLS - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $89.90 and last traded at $89.39, with a volume of 38584 shares traded. The stock had previously closed at $87.87.

Analyst Upgrades and Downgrades

Separately, B. Riley began coverage on Tecnoglass in a research report on Friday, May 16th. They issued a "buy" rating and a $100.00 target price on the stock. Four research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $83.00.

Tecnoglass Price Performance

The firm has a 50 day moving average price of $76.56 and a 200 day moving average price of $76.58. The company has a quick ratio of 1.63, a current ratio of 2.21 and a debt-to-equity ratio of 0.20. The stock has a market cap of $4.16 billion, a P/E ratio of 27.65 and a beta of 1.85.

Tecnoglass (NASDAQ:TGLS - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.82 by $0.10. Tecnoglass had a return on equity of 27.71% and a net margin of 17.82%. Tecnoglass's quarterly revenue was up 15.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.66 EPS. On average, analysts forecast that Tecnoglass Inc. will post 3.53 EPS for the current fiscal year.

Tecnoglass Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 31st were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.68%. The ex-dividend date of this dividend was Monday, March 31st. Tecnoglass's dividend payout ratio (DPR) is presently 16.22%.

Institutional Trading of Tecnoglass

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. JFS Wealth Advisors LLC raised its stake in Tecnoglass by 1,350.0% during the 1st quarter. JFS Wealth Advisors LLC now owns 435 shares of the company's stock valued at $31,000 after purchasing an additional 405 shares during the period. New Age Alpha Advisors LLC bought a new stake in Tecnoglass during the 1st quarter valued at approximately $38,000. Signaturefd LLC raised its stake in Tecnoglass by 32.6% during the 4th 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 raised its stake in Tecnoglass by 6,293.8% during the 4th quarter. Covestor Ltd now owns 1,023 shares of the company's stock valued at $81,000 after purchasing an additional 1,007 shares during the period. Finally, Quadrant Capital Group LLC increased its stake 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 acquiring an additional 170 shares during the last quarter. 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.