Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) Sees Large Volume Increase – Time to Buy?

Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) saw unusually-strong trading volume on Wednesday . Approximately 858,926 shares were traded during trading, an increase of 79% from the previous session’s volume of 478,996 shares.The stock last traded at $11.22 and had previously closed at $10.95.

Loma Negra Compañía Industrial Argentina Sociedad Anónima Stock Performance

The company has a quick ratio of 0.43, a current ratio of 1.29 and a debt-to-equity ratio of 0.19. The firm has a 50-day moving average of $8.88 and a two-hundred day moving average of $7.62. The company has a market capitalization of $1.28 billion, a PE ratio of 18.55 and a beta of 1.31.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in LOMA. BNP Paribas Financial Markets lifted its position in Loma Negra Compañía Industrial Argentina Sociedad Anónima by 314,275.0% during the third 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 raised its holdings in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima by 21.5% during 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 during the period. Truist Financial Corp acquired a new stake in Loma Negra Compañía Industrial Argentina Sociedad Anónima during the second quarter worth about $200,000. Liontrust Investment Partners LLP acquired a new position in Loma Negra Compañía Industrial Argentina Sociedad Anónima in the 2nd quarter valued at about $270,000. Finally, TT International Asset Management LTD acquired a new position in Loma Negra Compañía Industrial Argentina Sociedad Anónima in the 3rd quarter valued at about $386,000. Hedge funds and other institutional investors own 19.32% of the company’s stock.

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.