Positive News Coverage Somewhat Unlikely to Affect Tecnoglass (TGLS) Stock Price

Press coverage about Tecnoglass (NASDAQ:TGLS) has been trending positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Tecnoglass earned a media sentiment score of 0.27 on Accern’s scale. Accern also gave media stories about the company an impact score of 46.448188961194 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

Several equities analysts have commented on TGLS shares. BidaskClub raised Tecnoglass from a “hold” rating to a “buy” rating in a research report on Saturday, March 24th. Zacks Investment Research downgraded Tecnoglass from a “hold” rating to a “sell” rating in a research report on Wednesday, May 23rd. Finally, ValuEngine downgraded Tecnoglass from a “buy” rating to a “hold” rating in a research report on Monday, April 23rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $10.50.

Shares of TGLS stock traded up $0.16 during mid-day trading on Wednesday, hitting $9.01. The stock had a trading volume of 3,494 shares, compared to its average volume of 21,330. Tecnoglass has a 12-month low of $5.50 and a 12-month high of $9.88. The stock has a market capitalization of $307.46 million, a price-to-earnings ratio of 28.16, a P/E/G ratio of 0.74 and a beta of 0.64. The company has a current ratio of 2.23, a quick ratio of 1.58 and a debt-to-equity ratio of 1.57.

Tecnoglass (NASDAQ:TGLS) last issued its earnings results on Wednesday, May 9th. The company reported $0.14 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by ($0.01). Tecnoglass had a return on equity of 11.82% and a net margin of 4.48%. The firm had revenue of $84.89 million during the quarter, compared to analysts’ expectations of $84.18 million. research analysts predict that Tecnoglass will post 0.59 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 31st. Shareholders of record on Friday, June 29th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 6.22%. The ex-dividend date of this dividend is Thursday, June 28th. Tecnoglass’s dividend payout ratio is 175.00%.

Tecnoglass Company Profile

Tecnoglass Inc, through its subsidiaries, manufactures and sells architectural glass, windows, and associated aluminum products for the global commercial and residential construction industries in North, Central, and South America. It offers soft coat, laminated/thermo-laminated, thermo-acoustic, tempered, silk-screened, curved, and digital print glass.

Insider Buying and Selling by Quarter for Tecnoglass (NASDAQ:TGLS)

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