Logistic Properties of the Americas (NYSEAMERICAN:LPA) Trading Down 2.9% – Time to Sell?

Shares of Logistic Properties of the Americas (NYSEAMERICAN:LPA) traded down 2.9% during mid-day trading on Thursday . The stock traded as low as $3.02 and last traded at $3.02. 21,989 shares traded hands during mid-day trading, a decline of 31% from the average session volume of 31,876 shares. The stock had previously closed at $3.11.

Logistic Properties of the Americas Trading Down 2.9%

The company has a 50-day moving average price of $3.66 and a two-hundred day moving average price of $5.67. The stock has a market cap of $95.19 million, a P/E ratio of 13.13 and a beta of 6.03. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.88.

Institutional Investors Weigh In On Logistic Properties of the Americas

Several institutional investors have recently made changes to their positions in LPA. JPMorgan Chase & Co. bought a new position in Logistic Properties of the Americas during the 2nd quarter valued at about $25,000. Goldman Sachs Group Inc. boosted its position in shares of Logistic Properties of the Americas by 24.3% during the first quarter. Goldman Sachs Group Inc. now owns 23,762 shares of the company’s stock valued at $212,000 after buying an additional 4,645 shares during the period. Russell Investments Group Ltd. bought a new position in shares of Logistic Properties of the Americas during the third quarter valued at approximately $57,000. New York State Common Retirement Fund bought a new position 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 in the second quarter worth approximately $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.