Latam Logistic Properties (NYSEAMERICAN:LPA) Shares Down 2.4% – Time to Sell?

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

Latam Logistic Properties Price Performance

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

Hedge Funds Weigh In On Latam Logistic Properties

A hedge fund recently bought a new stake in Latam Logistic Properties stock. Atlas Merchant Capital LLC bought a new stake in Latam Logistic Properties, S.A. (NYSEAMERICAN:LPA) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 112,500 shares of the company’s stock, valued at approximately $1,181,000. Atlas Merchant Capital LLC owned 0.35% of Latam Logistic Properties at the end of the most recent reporting period. 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.