Details On TGLS Stock After DA Davidson Increased Its Rating To 'Buy'

Company: Tecnoglass Inc.

Ticker: TGLS
Sector: A leading producer of architectural glass, windows, and associated aluminum products
Position: LONG
Risk: 4/5

Description of the Company:
Tecnoglass Inc., through its subsidiaries, manufactures, supplies, and installs architectural glass, windows, and associated aluminum products for the commercial and residential construction industries in North, Central, and South America. The company offers low emissivity, laminated/thermo-laminated, thermo-acoustic, tempered, silk-screened, curved, and digital print glass products. The company was founded in 1984 and is headquartered in Barranquilla, Colombia. Tecnoglass Inc. is a subsidiary of Energy Holding Corporation.

A-Quant Signal was:
Our quantamental model which uses fundamental factors, sentiment & technical price action indicators as inputs has raised a flag. More specifically according to our model there is a probability of 73.4% of its price reaching 9 USD within the next 12 months. This indicates a BUY investment signal for long term investors for a potential profit close to 50%. This comes with a risk of 4/5 taking into account the sector, the company nationality (non-US) & other historical & fundamental factors.

The Result:
Tecnoglass Inc. (TGLS) Stock opened at the price of 6.55$ and closed almost two months later at the price of 7.62$ giving +16.34% Profit.

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