Tecnoglass stock saw its IBD SmartSelect Composite Rating rise to 96 Wednesday, up from 94 the day before.
The upgrade means the stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength. Winning stocks often have a 95 or higher grade in the early stages of a new price run, so that's a good starting point when looking for the best stocks to buy and watch.
Tecnoglass stock dipped below its 200-day moving average earlier in the month amid the stock market correction and currently out of buy range. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
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The stock has a 99 EPS Rating, which means its recent quarterly and longer-term annual earnings growth is outpacing 99% of all stocks.
Its Accumulation/Distribution Rating of D shows moderate selling by institutional investors over the last 13 weeks. Look for the rating to improve to at least a C or better.
The building materials company reported 62% earnings growth for Q2. Revenue growth fell to 33%, down from 51% in the previous quarter.
Tecnoglass stock earns the No. 3 rank among its peers in the Building-Construction Products/Miscellaneous industry group. Core & Main is the No. 1-ranked stock within the group.
