Logistic Properties of the Americas (NYSEAMERICAN:LPA) Shares Down 4.5% – Should You Sell?

Logistic Properties of the Americas (NYSEAMERICAN:LPA) shares were down 4.5% during mid-day trading on Tuesday . The stock traded as low as $3.76 and last traded at $3.78. Approximately 43,895 shares traded hands during mid-day trading, a decline of 31% from the average daily volume of 63,939 shares. The stock had previously closed at $3.96.

Logistic Properties of the Americas Stock Performance

The firm has a market cap of $119.15 million, a PE ratio of 16.43 and a beta of 6.07. The company has a 50 day simple moving average of $5.59 and a 200-day simple moving average of $6.45. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.45 and a quick ratio of 1.45.

Institutional Trading of Logistic Properties of the Americas

Several hedge funds and other institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. purchased a new stake in Logistic Properties of the Americas in the second quarter worth approximately $25,000. Goldman Sachs Group Inc. boosted its stake in Logistic Properties of the Americas by 24.3% in the first quarter. Goldman Sachs Group Inc. now owns 23,762 shares of the company’s stock worth $212,000 after buying an additional 4,645 shares in the last quarter. New York State Common Retirement Fund purchased a new stake in shares of Logistic Properties of the Americas during the second quarter valued at approximately $98,000. Finally, Geode Capital Management LLC purchased a new stake in shares of Logistic Properties of the Americas during the second quarter valued at approximately $275,000. Hedge funds and other institutional investors own 42.71% of the company’s stock.

Logistic Properties of the Americas Company Profile

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.