Tecnoglass Inc (NYSE: TGLS) suffers from important negative changes in fundamentals: the stock’s power rating fell below 50, the consensus estimate for December, 2023 decreased significantly, and the consensus estimate for December, 2024 decreased significantly.
Important negative changes in Tecnoglass Inc (NYSE: TGLS) investment behavior have recently occurred: its longer term price trend turned down.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
TGLS’ future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Tecnoglass has a current Value Trend Rating of C (High Neutral). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Tecnoglass has a good Appreciation Score of 81 but a slightly negative Power Rating of 37, and the High Neutral Value Trend Rating results.
Recent Price Action
Tecnoglass Inc (NYSE: TGLS) stock declined modestly by -0.7% on 11/27/23. The stock closed at $35.06. The stock has been weak relative to the market over the last nine months but has risen 1.8% during the last week.
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