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

Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) shares were up 3.2% during trading on Friday . The company traded as high as $12.56 and last traded at $12.55. Approximately 347,516 shares were traded 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 Trading Up 3.2 %

The business has a 50 day moving average of $10.86 and a 200 day moving average of $8.51. The firm has a market cap of $1.47 billion, a price-to-earnings ratio of 21.27 and a beta of 1.36. The company has a quick ratio of 0.43, a current ratio of 1.29 and a debt-to-equity ratio of 0.19.

Institutional Trading of Loma Negra Compañía Industrial Argentina Sociedad Anónima

Several hedge funds and other institutional investors have recently bought and sold shares of LOMA. Virtu Financial LLC boosted its holdings 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 last quarter. BNP Paribas Financial Markets boosted its stake in Loma Negra Compañía Industrial Argentina Sociedad Anónima by 314,275.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 12,575 shares of the company’s stock worth $101,000 after buying an additional 12,571 shares during the last quarter. abrdn plc grew its holdings in Loma Negra Compañía Industrial Argentina Sociedad Anónima by 1.3% in the 3rd quarter. abrdn plc now owns 1,250,500 shares of the company’s stock valued at $10,079,000 after buying an additional 16,300 shares during the period. SkyView Investment Advisors LLC acquired a new position in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima during the 3rd quarter valued at about $161,000. Finally, Long Focus Capital Management LLC increased its stake in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima by 9.2% during the 2nd quarter. Long Focus Capital Management LLC now owns 237,600 shares of the company’s stock valued at $1,606,000 after acquiring an additional 20,000 shares during the last quarter. 19.32% of the stock is owned by hedge funds and other institutional investors.

Loma Negra Compañía Industrial Argentina Sociedad Anónima Company Profile

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.