Logistic Properties of the Americas (NYSEAMERICAN:LPA) Stock Price Up 9.9% – What’s Next?

Logistic Properties of the Americas (NYSEAMERICAN:LPA)’s stock price rose 9.9% during mid-day trading on Thursday . The company traded as high as $7.00 and last traded at $7.00. Approximately 19,105 shares changed hands during mid-day trading, a decline of 85% from the average daily volume of 125,343 shares. The stock had previously closed at $6.37.

Logistic Properties of the Americas Stock Up 9.9%

The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.92. The stock has a 50-day simple moving average of $7.02 and a 200-day simple moving average of $8.37. The firm has a market capitalization of $221.69 million, a PE ratio of 12.07 and a beta of 6.59.

Hedge Funds Weigh In On Logistic Properties of the Americas

An institutional investor recently raised its position in Logistic Properties of the Americas stock. Goldman Sachs Group Inc. raised its holdings in shares of Logistic Properties of the Americas (NYSEAMERICAN:LPA) by 24.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,762 shares of the company’s stock after buying an additional 4,645 shares during the quarter. Goldman Sachs Group Inc. owned about 0.07% of Logistic Properties of the Americas worth $212,000 as of its most recent filing with the Securities & Exchange Commission. 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.