Tecnoglass (NYSE:TGLS) Stock Rating Lowered by Weiss Ratings

Key Points

• Tecnoglass (NYSE:TGLS) was downgraded by Weiss Ratings from a "buy (b-)" to a "hold (c+)" rating, indicating a shift in investor sentiment.
• Wall Street Zen also lowered Tecnoglass's rating from "buy" to "hold", reflecting a consensus among analysts regarding the stock's stability.
• The stock opened at $60.00 on Friday, with a market cap of $2.82 billion and a twelve month trading range between $57.93 and $90.34.

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

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

Tecnoglass Trading Up 0.4%

NYSE:TGLS opened at $60.00 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.00 and a quick ratio of 1.44. The company's 50-day simple moving average is $67.99. Tecnoglass has a twelve month low of $57.93 and a twelve month high of $90.34. The stock has a market cap of $2.82 billion, a P/E ratio of 15.42, a P/E/G ratio of 0.66 and a beta of 1.83.

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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