Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) Sets New 12-Month High – Time to Buy?

Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $13.00 and last traded at $12.96, with a volume of 780365 shares. The stock had previously closed at $12.01.

Loma Negra Compañía Industrial Argentina Sociedad Anónima Trading Up 0.1 %

The firm’s 50 day moving average price is $10.09 and its 200-day moving average price is $8.16. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.29 and a quick ratio of 0.43. The stock has a market cap of $1.54 billion, a P/E ratio of 22.41 and a beta of 1.36.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. BNP Paribas Financial Markets increased its holdings 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 in the last quarter. Virtu Financial LLC lifted its position in 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 valued at $153,000 after purchasing an additional 3,355 shares during the period. SkyView Investment Advisors LLC purchased a new stake in Loma Negra Compañía Industrial Argentina Sociedad Anónima in the third quarter worth approximately $161,000. Truist Financial Corp bought a new stake in Loma Negra Compañía Industrial Argentina Sociedad Anónima in the 2nd quarter worth approximately $200,000. Finally, Liontrust Investment Partners LLP bought a new stake in Loma Negra Compañía Industrial Argentina Sociedad Anónima in the 2nd quarter worth approximately $270,000. 19.32% of the stock is owned by 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.