Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) Sees Large Volume Increase

Shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) saw an uptick in trading volume on Thursday . 252,289 shares changed hands during mid-day trading, a decline of 44% from the previous session’s volume of 446,674 shares.The stock last traded at $8.95 and had previously closed at $8.73.

Loma Negra Compañía Industrial Argentina Sociedad Anónima Trading Down 1.1 %

The stock has a market cap of $1.03 billion, a PE ratio of 21.59 and a beta of 1.33. The company has a quick ratio of 0.35, a current ratio of 1.22 and a debt-to-equity ratio of 0.20. The stock’s fifty day moving average price is $7.02 and its 200 day moving average price is $7.02.

Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) last posted its earnings results on Wednesday, August 7th. The company reported $0.29 EPS for the quarter. Loma Negra Compañía Industrial Argentina Sociedad Anónima had a return on equity of 9.15% and a net margin of 9.06%. The business had revenue of $153.80 million during the quarter. On average, sell-side analysts forecast that Loma Negra Compañía Industrial Argentina Sociedad Anónima will post 0.79 EPS for the current year.

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

A number of hedge funds have recently bought and sold shares of LOMA. Deuterium Capital Management LLC purchased a new stake in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima during the 1st quarter valued at about $67,000. Truist Financial Corp bought a new stake in Loma Negra Compañía Industrial Argentina Sociedad Anónima in the 2nd quarter worth approximately $200,000. Virtu Financial LLC grew its position 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 worth $252,000 after purchasing an additional 27,660 shares during the period. Liontrust Investment Partners LLP purchased a new stake in Loma Negra Compañía Industrial Argentina Sociedad Anónima during the 2nd quarter valued at $270,000. Finally, Jump Financial LLC lifted its holdings in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima by 41.8% during the 4th quarter. Jump Financial LLC now owns 55,602 shares of the company’s stock valued at $394,000 after buying an additional 16,402 shares during the period. 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.