Latam Logistic Properties (NYSEAMERICAN:LPA) Stock Price Down 2.4% – Here’s Why

Latam Logistic Properties, S.A. (NYSEAMERICAN:LPA) shares fell 2.4% during trading on Tuesday . The stock traded as low as $10.40 and last traded at $10.79. 16,704 shares traded hands during trading, a decline of 39% from the average session volume of 27,445 shares. The stock had previously closed at $11.05.

Latam Logistic Properties Stock Performance

The company’s fifty day moving average price is $10.49 and its 200-day moving average price is $16.73. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 0.98.

Hedge Funds Weigh In On Latam Logistic Properties

An institutional investor recently bought a new position in Latam Logistic Properties stock. Atlas Merchant Capital LLC bought a new stake in Latam Logistic Properties, S.A. (NYSEAMERICAN:LPA) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 112,500 shares of the company’s stock, valued at approximately $1,181,000. Atlas Merchant Capital LLC owned about 0.35% of Latam Logistic Properties as of its most recent SEC filing. Hedge funds and other institutional investors own 42.71% of the company’s stock.

Latam Logistic Properties Company Profile

Logistic Properties of the Americas develops, owns, manages, and operates industrial and logistics real estate properties in Costa Rica, Colombia, and Peru. Its customers include third party logistics, retailer, consumer goods distribution, and others. The company is based in Miami, Florida.