Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) Stock Price Down 3.6%

Shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) fell 3.6% during trading on Friday . The stock traded as low as $8.34 and last traded at $8.37. 198,780 shares changed hands during mid-day trading, a decline of 56% from the average session volume of 454,746 shares. The stock had previously closed at $8.68.

Loma Negra Compañía Industrial Argentina Sociedad Anónima Stock Down 4.5 %

The company has a quick ratio of 0.35, a current ratio of 1.22 and a debt-to-equity ratio of 0.20. The business has a 50-day moving average price of $7.21 and a two-hundred day moving average price of $7.09. The firm has a market cap of $967.73 million, a PE ratio of 20.22 and a beta of 1.33.

Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) last announced its earnings results on Wednesday, August 7th. The company reported $0.29 earnings per share for the quarter. The business had revenue of $153.80 million during the quarter. Loma Negra Compañía Industrial Argentina Sociedad Anónima had a net margin of 9.06% and a return on equity of 9.15%. On average, equities research analysts expect that Loma Negra Compañía Industrial Argentina Sociedad Anónima will post 0.79 EPS for the current year.

Institutional Trading of Loma Negra Compañía Industrial Argentina Sociedad Anónima

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Deuterium Capital Management LLC acquired a new stake in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima during the 1st quarter worth $67,000. Truist Financial Corp acquired a new position in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima during the second quarter worth $200,000. Virtu Financial LLC boosted its stake in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima by 272.8% in the first quarter. Virtu Financial LLC now owns 37,799 shares of the company’s stock valued at $252,000 after purchasing an additional 27,660 shares during the period. Liontrust Investment Partners LLP acquired a new stake in Loma Negra Compañía Industrial Argentina Sociedad Anónima during the 2nd quarter valued at $270,000. Finally, Ping Capital Management Inc. purchased a new stake in Loma Negra Compañía Industrial Argentina Sociedad Anónima during the 2nd quarter worth $703,000. 19.32% of the stock is currently owned by hedge funds and other institutional investors.

About Loma Negra Compañía Industrial Argentina Sociedad Anónima

Loma Negra Compañía Industrial Argentina Sociedad Anónima, together with its subsidiaries, manufactures and sells cement and its derivatives in Argentina. The company operates through Cement, Masonry Cement and Lime; Concrete; Railroad; Aggregates; and Others segments. It offers masonry cement, aggregates, ready-mix concrete, concrete, and lime to wholesale distributors, concrete producers, industrial customers, and others for use in the construction.