Tecnoglass (TGLS) Earning Somewhat Positive News Coverage, Study Finds

News headlines about Tecnoglass (NASDAQ:TGLS) have trended somewhat positive this week, according to Accern. The research group identifies positive and negative 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 nearest to one being the most favorable. Tecnoglass earned a news sentiment score of 0.24 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 0 out of 100, indicating that recent press coverage is extremely unlikely to have an effect on the company’s share price in the next few days.

Separately, Zacks Investment Research raised shares of Tecnoglass from a “hold” rating to a “strong-buy” rating and set a $12.00 target price for the company in a research note on Thursday, March 30th.

Tecnoglass (NASDAQ TGLS) traded down 0.21% during trading on Friday, hitting $9.43. 4,990 shares of the stock traded hands. The stock has a market cap of $315.78 million, a PE ratio of 29.47 and a beta of 0.45. The company has a 50-day moving average price of $9.31 and a 200-day moving average price of $10.65. Tecnoglass has a 12 month low of $9.00 and a 12 month high of $12.93.

The company also recently announced a dividend, which will be paid on Friday, July 28th. Shareholders of record on Friday, June 30th will be issued a $0.125 dividend. The ex-dividend date is Wednesday, June 28th. Tecnoglass’s dividend payout ratio is presently 41.94%.

In other news, Director Martha L. Byorum sold 5,000 shares of the company’s stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $9.27, for a total transaction of $46,350.00. Following the transaction, the director now owns 110,579 shares in the company, valued at $1,025,067.33. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 67.20% of the company’s stock.

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

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