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Latam Logistic Properties (NYSEAMERICAN:LPA) Trading Down 2.2% - Here's Why

Latam Logistic Properties logo with Finance background

Latam Logistic Properties, S.A. (NYSEAMERICAN:LPA - Get Free Report)'s stock price was down 2.2% during trading on Tuesday . The company traded as low as $6.25 and last traded at $6.26. Approximately 24,188 shares changed hands during mid-day trading, a decline of 83% from the average daily volume of 141,753 shares. The stock had previously closed at $6.40.

Latam Logistic Properties Stock Performance

The stock's 50 day moving average price is $7.50 and its 200 day moving average price is $8.72. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.76 and a quick ratio of 1.76.

Institutional Investors Weigh In On Latam Logistic Properties

A hedge fund recently raised its stake in Latam Logistic Properties stock. Goldman Sachs Group Inc. boosted its holdings in shares of Latam Logistic Properties, S.A. (NYSEAMERICAN:LPA - Free Report) by 24.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,762 shares of the company's stock after buying an additional 4,645 shares during the period. Goldman Sachs Group Inc. owned approximately 0.07% of Latam Logistic Properties worth $212,000 as of its most recent SEC filing. 42.71% of the stock is currently owned by institutional investors.

About Latam Logistic Properties

(Get Free Report)

Logistic Properties of the Americas develops, builds and operates logistic real estate properties. It operates through the following geographical segments: Colombia, Peru, and Costa Rica. The company is headquartered in Miami, FL.

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