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Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) Hits New 1-Year High - Here's What Happened

Loma Negra Compañía Industrial Argentina Sociedad Anónima logo with Construction background

Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA - Get Free Report)'s stock price reached a new 52-week high during trading on Monday . The company traded as high as $9.48 and last traded at $9.35, with a volume of 331550 shares traded. The stock had previously closed at $9.08.

Loma Negra Compañía Industrial Argentina Sociedad Anónima Stock Up 3.4 %

The business's fifty day moving average price is $8.17 and its 200 day moving average price is $7.38. The company has a market capitalization of $1.10 billion, a P/E ratio of 15.39 and a beta of 1.31. The company has a current ratio of 1.22, a quick ratio of 0.35 and a debt-to-equity ratio of 0.20.

Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA - Get Free Report) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.29 EPS for the quarter. The company had revenue of $153.80 million during the quarter. Loma Negra Compañía Industrial Argentina Sociedad Anónima had a net margin of 9.06% and a return on equity of 9.15%. As a group, equities research analysts predict that Loma Negra Compañía Industrial Argentina Sociedad Anónima will post 0.75 earnings per share for the current fiscal year.

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

Hedge funds have recently made changes to their positions in the company. Deuterium Capital Management LLC acquired a new stake in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima during the 1st quarter worth approximately $67,000. Truist Financial Corp acquired a new position in Loma Negra Compañía Industrial Argentina Sociedad Anónima during the second quarter worth approximately $200,000. Virtu Financial LLC raised its stake in Loma Negra Compañía Industrial Argentina Sociedad Anónima by 272.8% in the 1st quarter. Virtu Financial LLC now owns 37,799 shares of the company's stock valued at $252,000 after acquiring an additional 27,660 shares during the period. Liontrust Investment Partners LLP acquired a new stake in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima during the 2nd quarter worth about $270,000. Finally, Ping Capital Management Inc. bought a new stake in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima during the second quarter worth approximately $703,000. Institutional investors and hedge funds own 19.32% of the company's stock.

About Loma Negra Compañía Industrial Argentina Sociedad Anónima

(Get Free Report)

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.

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