For its third fiscal quarter (ending September 30), Tecnoglass Inc (NYSE: TGLS) has reported a 8% increase in E.P.S. from $0.97 a year ago to $1.05 in the current quarter. For the latest four quarters through September 30, E.P.S. were $3.20 compared to $4.25 a year ago — a decline of -25%.
Recent Price Action
On 11/7/24, Tecnoglass Inc (NYSE: TGLS) stock rose slightly by 0.2%, closing at $70.40. Moreover, trading volume in this advance was exceptionally high at 214% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 0.6% during the last week.
Current PriceTarget Research Rating
TGLS is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Tecnoglass has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Tecnoglass has a neutral Appreciation Score of 48 but a very high Power Rating of 95, leading to the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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