Why the growth investor may take a look at NYSE:TGLS.

In this article we will dive into TECNOGLASS INC (NYSE:TGLS) as a possible candidate for growth investing. Investors should always do their own research, but we noticed TECNOGLASS INC showing up in our CANSLIM growth screen, which makes it worth to investigate a bit more.

Looking into the canslim metrics of TECNOGLASS INC

• TECNOGLASS INC has shown positive momentum in its earnings per share (EPS) on a quarter-to-quarter (Q2Q) basis, with a 62.32% increase. This reflects the company's successful execution of its business strategies and its commitment to delivering improved financial results.
• TECNOGLASS INC has experienced 33.2% q2q revenue growth, indicating a significant sales increase.
• TECNOGLASS INC has experienced 68.82% growth in EPS over a 3-year period, demonstrating its ability to generate sustained and positive earnings momentum.
• TECNOGLASS INC has achieved an impressive Return on Equity (ROE) of 42.53%, showcasing its ability to generate favorable returns for shareholders.
• The Relative Strength (RS) of TECNOGLASS INC has been consistently solid, with a current 77.99 rating. This highlights the stock's ability to exhibit sustained price strength and signifies its competitive advantage. TECNOGLASS INC exhibits strong prospects for further price appreciation.
• With a current Debt-to-Equity ratio at 0.36, TECNOGLASS INC showcases its disciplined capital structure. The company's prudent management of debt obligations contributes to its financial stability and long-term sustainability.
• With 29.95% of the total shares held by institutional investors, TECNOGLASS INC showcases a healthy distribution of ownership. This suggests a mix of institutional and retail investors, fostering a dynamic market for the stock.

Analyzing the Technical Aspects

As part of its analysis, ChartMill provides a comprehensive Technical Rating for each stock. This rating, ranging from 0 to 10, is updated on a daily basis and is based on the evaluation of various technical indicators and properties.

Overall TGLS gets a technical rating of 2 out of 10. Although TGLS is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.

• Looking at the yearly performance, TGLS did better than 77% of all other stocks. However, we also see that TGLS couldn't keep up this performance in the last couple of months.
• TGLS is an average performer in the Building Products industry, it outperforms 41% of 44 stocks in the same industry.
• TGLS is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.

For an up to date full technical analysis you can check the technical report of TGLS

Fundamental analysis of NYSE:TGLS

ChartMill assigns a Fundamental Rating to every stock. This score, ranging from 0 to 10, is updated daily and is determined by evaluating multiple fundamental indicators and properties.

Taking everything into account, TGLS scores 7 out of 10 in our fundamental rating. TGLS was compared to 44 industry peers in the Building Products industry. TGLS scores excellent on profitability, but there are some minor concerns on its financial health. TGLS is evaluated to be cheap and growing strongly. This does not happen too often! These ratings would make TGLS suitable for value and growth investing!

Our latest full fundamental report of TGLS contains the most current fundamental analsysis.

Our CANSLIM screen will find you more ideas suited for growth investing.

Keep in mind

This article should in no way be interpreted as advice in any way. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.