Tecnoglass (NYSE:TGLS) Trading Up 0.7% - Here's What Happened

Shares of Tecnoglass Inc. (NYSE:TGLS - Get Free Report) were up 0.7% during mid-day trading on Friday . The stock traded as high as $63.13 and last traded at $62.56. Approximately 230,841 shares changed hands during trading, a decline of 25% from the average daily volume of 305,957 shares. The stock had previously closed at $62.13.

Analysts Set New Price Targets

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

Tecnoglass Price Performance

The stock has a market capitalization of $2.94 billion, a P/E ratio of 16.08, a P/E/G ratio of 0.68 and a beta of 1.83. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.44 and a current ratio of 2.00. The company's 50-day moving average is $69.88.

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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