Tecnoglass (NYSE:TGLS) Rating Increased to Buy (B-) at Weiss Ratings

Key Points

• Tecnoglass (NYSE:TGLS) received an upgrade from Weiss Ratings, moving from a "hold (c+)" to a "buy (b-)" rating.
• Despite this upgrade, Wall Street Zen downgraded the same stock from "buy" to "hold" just days earlier, reflecting mixed ratings among analysts.
• The stock is currently priced at $64.41, with a market cap of $3.03 billion and a P/E ratio of 16.56.

Tecnoglass (NYSE:TGLS - Get Free Report) was upgraded by analysts at Weiss Ratings from a "hold (c+)" rating to a "buy (b-)" rating in a note issued to investors on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen downgraded shares of Tecnoglass from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of "Buy".

Tecnoglass Stock Performance

Tecnoglass stock traded up $0.65 during mid-day trading on Wednesday, reaching $64.41. The company's stock had a trading volume of 209,306 shares, compared to its average volume of 361,764. The stock has a market cap of $3.03 billion, a P/E ratio of 16.56, a price-to-earnings-growth ratio of 0.73 and a beta of 1.83. Tecnoglass has a 12 month low of $60.25 and a 12 month high of $90.34. The firm's 50 day simple moving average is $70.98. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.00 and a quick ratio of 1.44.

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.

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