Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) Shares Down 4.9% - Here's Why

Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA - Get Free Report)'s share price dropped 4.9% on Tuesday . The stock traded as low as $10.77 and last traded at $10.77. Approximately 164,831 shares traded hands during mid-day trading, a decline of 69% from the average daily volume of 524,151 shares. The stock had previously closed at $11.33.

Loma Negra Compañía Industrial Argentina Sociedad Anónima Stock Up 0.7 %

The business has a 50-day simple moving average of $10.79 and a 200-day simple moving average of $10.87. The company has a market cap of $1.28 billion, a PE ratio of 18.64 and a beta of 1.03. The company has a quick ratio of 0.43, a current ratio of 1.29 and a debt-to-equity ratio of 0.19.

Hedge Funds Weigh In On Loma Negra Compañía Industrial Argentina Sociedad Anónima

Hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC raised its stake in Loma Negra Compañía Industrial Argentina Sociedad Anónima by 126.5% in the 4th quarter. GAMMA Investing LLC now owns 4,455 shares of the company's stock valued at $53,000 after purchasing an additional 2,488 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima in the fourth quarter valued at about $109,000. Insigneo Advisory Services LLC purchased a new position in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima in the first quarter worth about $135,000. Systrade AG acquired a new position in Loma Negra Compañía Industrial Argentina Sociedad Anónima during the fourth quarter worth about $143,000. Finally, Virtu Financial LLC raised its holdings in 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 valued at $153,000 after acquiring an additional 3,355 shares during the last quarter. Institutional investors and hedge funds 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.