Tecnoglass (NASDAQ:TGLS) Stock Price Down 4.6% – Time to Sell?

Tecnoglass Inc. (NASDAQ:TGLS) traded down 4.6% during trading on Tuesday . The company traded as low as $68.36 and last traded at $68.43. 101,940 shares traded hands during trading, a decline of 72% from the average session volume of 366,242 shares. The stock had previously closed at $71.75.

Tecnoglass Stock Performance

The company has a fifty day moving average of $70.43 and a 200 day moving average of $74.69. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.21 and a quick ratio of 1.63. The stock has a market cap of $3.19 billion, a P/E ratio of 21.21 and a beta of 1.66.

Tecnoglass Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date is Monday, March 31st. Tecnoglass’s payout ratio is currently 17.49%.

Hedge Funds Weigh In On Tecnoglass

Several large investors have recently made changes to their positions in TGLS. USA Financial Formulas bought a new position in shares of Tecnoglass in the fourth quarter valued at $26,000. R Squared Ltd acquired a new position in shares of Tecnoglass in the 4th quarter valued at $70,000. Signaturefd LLC increased its stake in Tecnoglass by 32.6% in the 4th quarter. Signaturefd LLC now owns 898 shares of the company’s stock worth $71,000 after purchasing an additional 221 shares in the last quarter. Covestor Ltd lifted its stake in Tecnoglass by 6,293.8% during the fourth quarter. Covestor Ltd now owns 1,023 shares of the company’s stock valued at $81,000 after buying an additional 1,007 shares in the last quarter. Finally, Quadrant Capital Group LLC increased its position in shares of Tecnoglass by 18.7% in the fourth quarter. Quadrant Capital Group LLC now owns 1,079 shares of the company’s stock worth $86,000 after acquiring an additional 170 shares in the last quarter. Institutional investors own 37.35% of the company’s stock.

Tecnoglass Company Profile

Tecnoglass Inc manufactures, supplies, and installs architectural glass, windows, and associated aluminum and vinyl products for commercial and residential construction markets in Colombia, the United States, Panama, and internationally. The company provides low emissivity, laminated/thermo-laminated, thermo-acoustic, tempered, silk-screened, curved, and digital print glass products.