Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) Trading 3.2% Higher – Should You Buy?

Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA)’s share price was up 3.2% during mid-day trading on Friday . The stock traded as high as $12.56 and last traded at $12.55. Approximately 347,516 shares changed hands during trading, a decline of 33% from the average daily volume of 522,521 shares. The stock had previously closed at $12.16.

Loma Negra Compañía Industrial Argentina Sociedad Anónima Stock Performance

The company has a quick ratio of 0.43, a current ratio of 1.29 and a debt-to-equity ratio of 0.19. The stock has a market cap of $1.45 billion, a price-to-earnings ratio of 21.03 and a beta of 1.36. The stock’s fifty day moving average is $10.95 and its 200-day moving average is $8.55.

Institutional Investors Weigh In On Loma Negra Compañía Industrial Argentina Sociedad Anónima

Several large investors have recently modified their holdings of LOMA. SkyView Investment Advisors LLC bought a new stake in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima in the third quarter worth $161,000. Virtu Financial LLC increased its stake in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima by 21.5% during the third quarter. Virtu Financial LLC now owns 18,945 shares of the company’s stock worth $153,000 after purchasing an additional 3,355 shares during the period. TT International Asset Management LTD acquired a new stake in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima during the third quarter worth $386,000. Stifel Financial Corp acquired a new stake in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima in the third quarter valued at approximately $2,053,000. Finally, BNP Paribas Financial Markets lifted its position in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima by 314,275.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 12,575 shares of the company’s stock valued at $101,000 after acquiring an additional 12,571 shares during the period. 19.32% of the stock is currently owned by 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.