FIBRA Prologis (OTCMKTS:FBBPF) Shares Gap Up – Here’s What Happened

FIBRA Prologis (OTCMKTS:FBBPF)’s share price gapped up prior to trading on Friday . The stock had previously closed at $4.5140, but opened at $4.73. FIBRA Prologis shares last traded at $4.73, with a volume of 100 shares changing hands.

Analyst Ratings Changes

Several research analysts recently commented on FBBPF shares. Zacks Research upgraded shares of FIBRA Prologis to a “hold” rating in a report on Wednesday, May 13th. Barclays reiterated an “overweight” rating on shares of FIBRA Prologis in a research note on Monday, May 4th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

FIBRA Prologis Trading Down 4.8%

The firm has a 50-day moving average of $4.56 and a 200 day moving average of $4.48.

FIBRA Prologis Company Profile

FIBRA Prologis (OTCMKTS: FBBPF) is a Mexican real estate investment trust specializing in the ownership, development and operation of industrial and logistics properties. Established in 2011 as the first Mexican Fibra backed by an international sponsor, the company focuses on acquiring and managing warehouse and distribution centers that serve manufacturing, retail and third-party logistics clients across Mexico’s key industrial corridors.

The trust’s core activities include leasing modern logistics facilities, executing build-to-suit developments and providing property management services tailored to the needs of multinational and domestic occupiers.