Logistic Properties of the Americas (NYSEAMERICAN:LPA) Shares Down 5% - Here's What Happened

Shares of Logistic Properties of the Americas (NYSEAMERICAN:LPA - Get Free Report) were down 5% during trading on Friday . The company traded as low as $6.77 and last traded at $6.77. Approximately 11,201 shares traded hands during trading, a decline of 78% from the average daily volume of 51,075 shares. The stock had previously closed at $7.13.

Logistic Properties of the Americas Stock Down 5.0%

The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.92. The stock has a market capitalization of $214.41 million, a PE ratio of 11.67 and a beta of 6.31. The stock's fifty day simple moving average is $7.15 and its 200-day simple moving average is $8.39.

Institutional Investors Weigh In On Logistic Properties of the Americas

An institutional investor recently raised its position in Logistic Properties of the Americas stock. Goldman Sachs Group Inc. lifted its position in Logistic Properties of the Americas (NYSEAMERICAN:LPA - Free Report) by 24.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,762 shares of the company's stock after buying an additional 4,645 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.07% of Logistic Properties of the Americas worth $212,000 at the end of the most recent quarter. Institutional investors and hedge funds own 42.71% of the company's stock.

Logistic Properties of the Americas Company Profile

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.