Banco Latinoamericano De Exportaciones Stock Hits New 52-Week High (BLX)

NEW YORK ( TheStreet) -- Banco Latinoamericano de Exportaciones (NYSE: BLX) hit a new 52-week high Wednesday as it is currently trading at $21.73, above its previous 52-week high of $21.52 with 116,112 shares traded as of 10 a.m. ET. Average volume has been 185,000 shares over the past 30 days.

Banco Latinoamericano de Exportaciones has a market cap of $754.5 million and is part of the financial sector and banking industry. Shares are up 24.6% year to date as of the close of trading on Tuesday.

Banco Latinoamericano de Comercio Exterior, S.A., together with its subsidiaries, provides trade financing to commercial banks, middle-market companies, and corporations primarily in Latin America. The company operates through three divisions: Commercial, Treasury, and Asset Management. The company has a P/E ratio of 8.9, below the average banking industry P/E ratio of 9.1 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Banco Latinoamericano de Exportaciones as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. You can view the full Banco Latinoamericano de Exportaciones Ratings Report.

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