Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) Shares Gap Down – What’s Next?

Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $11.79, but opened at $11.12. Loma Negra Compañía Industrial Argentina Sociedad Anónima shares last traded at $11.36, with a volume of 181,319 shares trading hands.

Loma Negra Compañía Industrial Argentina Sociedad Anónima Price Performance

The firm has a fifty day moving average of $12.01 and a two-hundred day moving average of $9.86. The stock has a market capitalization of $1.38 billion, a P/E ratio of 20.02 and a beta of 1.33. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.29 and a quick ratio of 0.43.

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

Several hedge funds have recently modified their holdings of LOMA. GAMMA Investing LLC raised its stake in Loma Negra Compañía Industrial Argentina Sociedad Anónima by 126.5% in the fourth quarter. GAMMA Investing LLC now owns 4,455 shares of the company’s stock worth $53,000 after buying an additional 2,488 shares in the last quarter. Virtu Financial LLC raised its position in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima by 21.5% in the 3rd quarter. Virtu Financial LLC now owns 18,945 shares of the company’s stock worth $153,000 after acquiring an additional 3,355 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima by 57.5% during the 4th quarter. BNP Paribas Financial Markets now owns 19,807 shares of the company’s stock worth $236,000 after purchasing an additional 7,232 shares during the last quarter. SG Americas Securities LLC bought a new position in Loma Negra Compañía Industrial Argentina Sociedad Anónima in the fourth quarter worth about $109,000. Finally, Systrade AG purchased a new stake in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima during the fourth quarter valued at about $143,000. Hedge funds and other institutional investors own 19.32% of the company’s stock.

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.