Tecnoglass (NYSE:TGLS) Stock Price Down 4.5% - Time to Sell?

Key Points

• Tecnoglass Inc. shares saw a decline of 4.5%, trading at approximately $59.78 after previously closing at $62.60, with a significant drop in trading volume.
• Despite recent fluctuations, Tecnoglass has a consensus rating of "Buy", with Weiss Ratings upgrading it from "hold" to "buy" and another brokerage downgrading it from "buy" to "hold".
• The company has a market capitalization of $2.78 billion and maintains healthy financial ratios, including a PE ratio of 15.19 and a debt-to-equity ratio of 0.15.

Tecnoglass Inc. (NYSE:TGLS - Get Free Report) shares traded down 4.5% during trading on Monday . The stock traded as low as $59.35 and last traded at $59.78. 175,451 shares were traded during mid-day trading, a decline of 51% from the average session volume of 356,541 shares. The stock had previously closed at $62.60.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on TGLS. Weiss Ratings raised Tecnoglass from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Wednesday, October 8th. Wall Street Zen downgraded Tecnoglass from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Tecnoglass currently has a consensus rating of "Buy".

Tecnoglass Stock Performance

The company has a market capitalization of $2.78 billion, a PE ratio of 15.19, a PEG ratio of 0.69 and a beta of 1.83. The firm has a 50-day moving average price of $69.88. The company has a current ratio of 2.00, a quick ratio of 1.44 and a debt-to-equity ratio of 0.15.

About Tecnoglass

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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