On Wednesday, Tecnoglass stock got an upgrade for its IBD SmartSelect Composite Rating from 94 to 96. The glass maker has 97 Relative Strength Rating.
The upgrade means the stock is now outpacing 96% of all other stocks in terms of key performance metrics and technical strength. The top-performing stocks tend to have a 95 or better grade as they begin to launch a significant move so be sure to keep that in mind when looking for the best stocks to buy and watch.
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Is Tecnoglass Stock A Buy?
Tecnoglass stock has now climbed above a proper buy zone after breaking out from a 24.83 buy point in a double bottom. See if the stock breaks out on above average volume. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
The glass maker stock earns a 96 EPS Rating, meaning its recent quarterly and longer-term annual earnings growth tops 96% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
The company posted 138% earnings growth for Q4. Sales growth increased 28%, up from 26% in the prior quarter. That marks one quarter of rising revenue growth.
Tecnoglass stock holds the No. 1 rank among its peers in the Building-Construction Products/Miscellaneous industry group. Atkore and Builders Firstsource are also among the group's highest-rated stocks.
