Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) Share Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Posted by Lauren Steadman on Jan 29th, 2025

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX – Get Free Report)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $33.33 and traded as high as $38.00. Banco Latinoamericano de Comercio Exterior, S. A. shares last traded at $37.66, with a volume of 69,720 shares trading hands.

Banco Latinoamericano de Comercio Exterior, S. A. Trading Down 0.5 %

The company has a debt-to-equity ratio of 2.73, a quick ratio of 1.77 and a current ratio of 1.77. The company has a market capitalization of $1.38 billion, a price-to-earnings ratio of 6.89 and a beta of 1.16. The business’s 50-day simple moving average is $35.86 and its 200-day simple moving average is $33.33.

Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX – Get Free Report) last released its earnings results on Tuesday, October 29th. The bank reported $1.44 earnings per share (EPS) for the quarter. The company had revenue of $209.64 million for the quarter. Banco Latinoamericano de Comercio Exterior, S. A. had a net margin of 24.29% and a return on equity of 16.01%. During the same quarter in the previous year, the company posted $1.25 earnings per share. On average, research analysts expect that Banco Latinoamericano de Comercio Exterior, S. A. will post 4.6 earnings per share for the current fiscal year.

Institutional Trading of Banco Latinoamericano de Comercio Exterior, S. A.

An institutional investor recently raised its position in Banco Latinoamericano de Comercio Exterior, S. A. stock. Beddow Capital Management Inc. increased its holdings in shares of Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX – Free Report) by 1.9% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 391,161 shares of the bank’s stock after purchasing an additional 7,423 shares during the quarter. Banco Latinoamericano de Comercio Exterior, S. A. accounts for 5.2% of Beddow Capital Management Inc.’s holdings, making the stock its 4th biggest position. Beddow Capital Management Inc. owned approximately 1.07% of Banco Latinoamericano de Comercio Exterior, S. A. worth $12,709,000 as of its most recent SEC filing. 19.47% of the stock is currently owned by hedge funds and other institutional investors.

Banco Latinoamericano de Comercio Exterior, S. A. Company Profile

(Get Free Report)

Banco Latinoamericano de Comercio Exterior, S. A., a multinational bank, primarily engages in the financing of foreign trade in Latin America and the Caribbean. The company operates in two segments, Commercial and Treasury. It offers bilateral loans; structured loans including syndicated and clubbed, such as acquisition and pre-export financing, A/B loan financing, bridge loans, and liability management; and project financing.