Andina Acquisition (TGLS) Lowered to Hold at BidaskClub

BidaskClub lowered shares of Andina Acquisition (NASDAQ:TGLS) from a buy rating to a hold rating in a report published on Wednesday morning.

Several other equities analysts have also issued reports on the company. ValuEngine lowered Andina Acquisition from a buy rating to a hold rating in a research note on Thursday, February 8th. Zacks Investment Research upgraded Andina Acquisition from a hold rating to a buy rating and set a $8.00 target price on the stock in a research note on Wednesday, November 22nd.

Shares of Andina Acquisition (TGLS) traded up $0.08 during trading on Wednesday, hitting $8.87. The stock had a trading volume of 3,800 shares, compared to its average volume of 33,839. The stock has a market capitalization of $301.03, a price-to-earnings ratio of 19.98, a P/E/G ratio of 0.78 and a beta of 0.71. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.74 and a current ratio of 2.38. Andina Acquisition has a 1 year low of $5.50 and a 1 year high of $12.10.

Andina Acquisition (NASDAQ:TGLS) last announced its quarterly earnings results on Tuesday, November 14th. The company reported $0.11 EPS for the quarter, meeting the consensus estimate of $0.11. The firm had revenue of $83.38 million for the quarter. Andina Acquisition had a return on equity of 12.75% and a net margin of 2.36%. research analysts forecast that Andina Acquisition will post 0.43 earnings per share for the current year.

The business also recently announced a dividend, which was paid on Friday, January 26th. Shareholders of record on Friday, December 29th were paid a $0.14 dividend. The ex-dividend date was Thursday, December 28th. Andina Acquisition’s dividend payout ratio (DPR) is presently 266.67%.

In other Andina Acquisition news, Director Martha L. Byorum sold 4,000 shares of Andina Acquisition stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $7.35, for a total value of $29,400.00. Following the transaction, the director now owns 95,751 shares in the company, valued at $703,769.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Martha L. Byorum sold 7,000 shares of Andina Acquisition stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $7.09, for a total value of $49,630.00. Following the completion of the transaction, the director now owns 113,651 shares in the company, valued at approximately $805,785.59. The disclosure for this sale can be found here. Insiders sold 36,900 shares of company stock worth $263,035 in the last quarter. 67.20% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Malaga Cove Capital LLC grew its stake in Andina Acquisition by 23.8% in the third quarter. Malaga Cove Capital LLC now owns 92,905 shares of the company’s stock valued at $654,000 after purchasing an additional 17,881 shares during the last quarter. Vanguard Group Inc. grew its stake in Andina Acquisition by 24.6% in the second quarter. Vanguard Group Inc. now owns 77,402 shares of the company’s stock valued at $722,000 after purchasing an additional 15,261 shares during the last quarter. Northern Trust Corp grew its stake in Andina Acquisition by 15.6% in the second quarter. Northern Trust Corp now owns 34,006 shares of the company’s stock valued at $317,000 after purchasing an additional 4,588 shares during the last quarter. Finally, Wells Fargo & Company MN grew its stake in Andina Acquisition by 54.1% in the third quarter. Wells Fargo & Company MN now owns 33,911 shares of the company’s stock valued at $228,000 after purchasing an additional 11,910 shares during the last quarter. Institutional investors own 2.56% of the company’s stock.

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Andina Acquisition Company Profile

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

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