06/25/2024
The company that sells high-end aluminum and vinyl, apparently, is not going through its best moment. This is what the stock market figures show. This is because it has had considerable falls in the last year and more strongly in the last month.
In fact, some national media talk that the company, owned by Christian Daes from Barranquilla, I would be going through a bad financial moment.
Radio media outlet Primera Página, citing a statement from the company’s board of directors, says: “There can be no assurance that this process will result in the company entering into a transaction or any other particular outcome.”
Some analysts gave their opinion on the situation. Andrés Moreno Jaramillo, economist and professor at the Universidad del Rosario, stated in his account X: “After a 23.68% collapse on Wall Street in one month, Tecnoglass announces that it will look for strategic alternatives with external financial and legal advisors. Will they have to sell Tecnoglass due to a debacle in its stock?”
When reviewing the value of the share, you can see that it collapsed 15.52% in the last year, as of June 25, 2024. According to the front page, its market capitalization, which reached $2,000 billion, is currently $930 million.
Only this Tuesday, June 25, The stock fell 2.82% to $41.03. And in the last month that reduction is 23.68%.
Tecnoglass is a company that produces high specification architectural glass and window and façade systems. It was founded in 1994 in Barranquilla. According to the same company, it has stood out for its innovation in glass technology and its presence in the international market.
