Shares of Logistic Properties of the Americas (NYSEAMERICAN:LPA - Get Free Report) dropped 5% on Friday . The company traded as low as $6.77 and last traded at $6.77. Approximately 11,201 shares changed 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 Performance
The company has a debt-to-equity ratio of 0.92, a current ratio of 1.48 and a quick ratio of 1.48. The firm has a fifty day moving average of $7.15 and a 200 day moving average of $8.40. The stock has a market capitalization of $207.44 million, a price-to-earnings ratio of 11.29 and a beta of 6.31.
Hedge Funds Weigh In On Logistic Properties of the Americas
A hedge fund recently raised its stake in Logistic Properties of the Americas stock. Goldman Sachs Group Inc. lifted its stake in Logistic Properties of the Americas (NYSEAMERICAN:LPA - Free Report) by 24.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 Logistic Properties of the Americas worth $212,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 42.71% of the company's stock.
Logistic Properties of the Americas Company Profile
(
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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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