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

Logistic Properties of the Americas (NYSEAMERICAN:LPA)’s share price traded down 4.5% during trading on Tuesday . The company traded as low as $3.76 and last traded at $3.78. 43,895 shares were traded during trading, a decline of 31% from the average session volume of 63,939 shares. The stock had previously closed at $3.96.

Logistic Properties of the Americas Stock Performance

The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.96. The company has a market cap of $119.15 million, a P/E ratio of 16.43 and a beta of 6.07. The business has a fifty day moving average of $5.59 and a 200 day moving average of $6.45.

Hedge Funds Weigh In On Logistic Properties of the Americas

A number of institutional investors have recently added to or reduced their stakes in LPA. JPMorgan Chase & Co. bought a new position in Logistic Properties of the Americas in the second quarter worth $25,000. New York State Common Retirement Fund bought a new position in Logistic Properties of the Americas in the second quarter worth $98,000. Goldman Sachs Group Inc. raised its holdings 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 purchasing an additional 4,645 shares in the last quarter. Finally, Geode Capital Management LLC bought a new position in Logistic Properties of the Americas in the second quarter worth $275,000. Institutional investors own 42.71% of the company’s stock.

About Logistic Properties of the Americas

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.