FIBRA Prologis (OTCMKTS:FBBPF) Shares Down 5% – Here’s Why

FIBRA Prologis (OTCMKTS:FBBPFGet Free Report)’s stock price dropped 5% during mid-day trading on Friday . The stock traded as low as $3.51 and last traded at $3.51. Approximately 5,753 shares traded hands during mid-day trading, a decline of 50% from the average daily volume of 11,453 shares. The stock had previously closed at $3.70.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on FBBPF shares. Barclays restated an “overweight” rating on shares of FIBRA Prologis in a report on Thursday, March 6th. Scotiabank lowered shares of FIBRA Prologis from an “outperform” rating to a “sector perform” rating in a research note on Monday, April 14th.

View Our Latest Report on FBBPF

FIBRA Prologis Price Performance

The stock’s fifty day moving average is $3.26 and its two-hundred day moving average is $3.14.

About FIBRA Prologis

(Get Free Report)

FIBRA Prologis is a leading owner and operator of Class-A industrial real estate in Mexico. As of December 31, 2023, FIBRA Prologis was comprised of 235 logistics and manufacturing facilities in six industrial markets in Mexico totaling 46.9 million square feet (4.4 million square meters) of gross leasable area.

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