Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) Stock Crosses Above 200 Day Moving Average – Time to Sell?

Shares of Banco Latinoamericano de Comercio Exterior, S. A. (NYSE:BLX) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $34.18 and traded as high as $38.67. Banco Latinoamericano de Comercio Exterior, S. A. shares last traded at $38.32, with a volume of 78,157 shares changing hands.

Banco Latinoamericano de Comercio Exterior, S. A. Stock Up 0.6 %

The business’s fifty day moving average price is $37.21 and its two-hundred day moving average price is $34.18. The company has a debt-to-equity ratio of 2.73, a quick ratio of 1.77 and a current ratio of 1.77. The firm has a market capitalization of $1.40 billion, a P/E ratio of 7.00 and a beta of 1.16.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in BLX. SBI Securities Co. Ltd. acquired a new stake in shares of Banco Latinoamericano de Comercio Exterior, S. A. during the fourth quarter worth $74,000. Longboard Asset Management LP purchased a new stake in shares of Banco Latinoamericano de Comercio Exterior, S. A. during the 4th quarter worth about $202,000. Sterling Capital Management LLC raised its stake in shares of Banco Latinoamericano de Comercio Exterior, S. A. by 5.7% during the 4th quarter. Sterling Capital Management LLC now owns 14,497 shares of the bank’s stock worth $516,000 after buying an additional 779 shares during the period. Motley Fool Wealth Management LLC purchased a new stake in shares of Banco Latinoamericano de Comercio Exterior, S. A. during the fourth quarter worth about $1,603,000. Finally, Hillsdale Investment Management Inc. boosted its stake in shares of Banco Latinoamericano de Comercio Exterior, S. A. by 0.7% in the fourth quarter. Hillsdale Investment Management Inc. now owns 124,864 shares of the bank’s stock worth $4,441,000 after acquiring an additional 900 shares during the last quarter. 19.47% of the stock is owned by institutional investors and hedge funds.

Banco Latinoamericano de Comercio Exterior, S. A. Company Profile

Banco Latinoamericano de Comercio Exterior, S. A., a multinational bank, primarily engages in the financing of foreign trade in Latin America and the Caribbean. The company operates in two segments, Commercial and Treasury. It offers bilateral loans; structured loans including syndicated and clubbed, such as acquisition and pre-export financing, A/B loan financing, bridge loans, and liability management; and project financing.