Banco Latinoamericano de Comercio Exterior (NYSE:BLX) Stock Price Breaks Below 200 Day Moving Average - Should You Sell?

Key Points

• BLX shares fell below their 200-day moving average of $53.86, reaching $52.56 before last trading at $53.28, down 1.2%.
• Despite the technical weakness, Weiss Ratings upgraded the stock to “buy (a-),” while the sole covering analyst maintains a Strong Buy rating.
• Bladex reported quarterly EPS of $1.48 and declared a $0.6875 quarterly dividend, equivalent to a 5.2% annualized yield and a 45.38% payout ratio.

Banco Latinoamericano de Comercio Exterior, S.A. (NYSE:BLX - Get Free Report) shares passed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $53.86 and traded as low as $52.56. Banco Latinoamericano de Comercio Exterior shares last traded at $53.2750, with a volume of 225,069 shares trading hands.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded Banco Latinoamericano de Comercio Exterior from a "buy (b+)" rating to a "buy (a-)" rating in a report on Friday, October 16th. One research analyst has rated the stock with a Strong Buy rating. According to data from MarketBeat, the stock has an average rating of "Strong Buy".

Banco Latinoamericano de Comercio Exterior Stock Down 1.2%

The firm has a market capitalization of $1.98 billion, a price-to-earnings ratio of 8.79 and a beta of 0.80. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.49 and a current ratio of 1.49. The business's 50-day moving average is $54.71 and its two-hundred day moving average is $53.86.

Banco Latinoamericano de Comercio Exterior (NYSE:BLX - Get Free Report) last announced its earnings results on Monday, October 26th. The bank reported $1.48 earnings per share for the quarter. Banco Latinoamericano de Comercio Exterior had a return on equity of 13.77% and a net margin of 27.77%. The company had revenue of $99.12 million for the quarter.

Banco Latinoamericano de Comercio Exterior Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 24th. Shareholders of record on Friday, November 6th will be paid a dividend of $0.6875 per share. This represents a $2.75 dividend on an annualized basis and a yield of 5.2%. The ex-dividend date is Friday, November 6th. Banco Latinoamericano de Comercio Exterior's payout ratio is 45.38%.

Banco Latinoamericano de Comercio Exterior Company Profile

Banco Latinoamericano de Comercio Exterior, SA, commonly known as Bladex, is a multilateral bank that supports international trade and economic integration across Latin America and the Caribbean. Headquartered in Panama, the bank provides financing and related services to financial institutions, corporations and other eligible counterparties engaged in regional and international commerce.

Bladex offers trade finance, commercial lending, structured financing, letters of credit, guarantees and treasury-related services.

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