Recent notable negative changes in fundamentals have affected Tecnoglass Inc (NYSE: TGLS): the consensus estimate for December, 2024 decreased significantly, significant quarterly earnings deceleration occurred, and the consensus estimate for December, 2025 decreased significantly.
Important negative changes in Tecnoglass Inc (NYSE: TGLS) investment behavior have recently occurred: its shorter term price trend turned down.
In light of these highly negative signals we are reviewing our current Overall Rating of A. We would view the shares with caution pending completion of this review in the next several days.
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 A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing complementary signals. Tecnoglass has a slightly positive Appreciation Score of 62 and a very high Power Rating of 91, and the Highest Value Trend Rating results.
Recent Price Action
Tecnoglass Inc (NYSE: TGLS) stock declined by -2.9% on 6/7/24. The shares closed at $45.58. Moreover, this decline was accompanied by unusually high trading volume at 161% of normal. The stock has been exceptionally strong relative to the market over the last nine months but has declined -12.3% during the last week.
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