Latam Logistic Properties (NYSEAMERICAN:LPA) Trading Down 2.4% – Here’s What Happened

Latam Logistic Properties, S.A. (NYSEAMERICAN:LPA) was down 2.4% during mid-day trading on Tuesday . The company traded as low as $10.40 and last traded at $10.79. Approximately 16,704 shares traded hands during mid-day trading, a decline of 39% from the average daily volume of 27,445 shares. The stock had previously closed at $11.05.

Latam Logistic Properties Stock Down 6.5 %

The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.98. The stock has a fifty day simple moving average of $10.49 and a two-hundred day simple moving average of $16.73.

Hedge Funds Weigh In On Latam Logistic Properties

A hedge fund recently bought a new stake in Latam Logistic Properties stock. Highbridge Capital Management LLC acquired a new position in shares of Latam Logistic Properties, S.A. (NYSEAMERICAN:LPA) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 112,500 shares of the company’s stock, valued at approximately $1,181,000. Highbridge Capital Management LLC owned approximately 0.35% of Latam Logistic Properties as of its most recent filing with the Securities and Exchange Commission. 42.71% of the stock is currently owned by institutional investors and hedge funds.

Latam Logistic Properties Company Profile

Logistic Properties of the Americas develops, owns, manages, and operates industrial and logistics real estate properties in Costa Rica, Colombia, and Peru. Its customers include third party logistics, retailer, consumer goods distribution, and others. The company is based in Miami, Florida.