Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) Sets New 1-Year High – Here’s Why

Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) shares reached a new 52-week high during trading on Monday . The stock traded as high as $10.89 and last traded at $10.75, with a volume of 256183 shares traded. The stock had previously closed at $10.35.

Loma Negra Compañía Industrial Argentina Sociedad Anónima Stock Down 0.4 %

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets grew its stake in shares of 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 acquiring an additional 12,571 shares during the last quarter. Truist Financial Corp acquired a new position in Loma Negra Compañía Industrial Argentina Sociedad Anónima during the 2nd quarter valued at approximately $200,000. Virtu Financial LLC raised its holdings in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima by 272.8% in the first quarter. Virtu Financial LLC now owns 37,799 shares of the company’s stock worth $252,000 after buying an additional 27,660 shares during the last quarter. Liontrust Investment Partners LLP acquired a new stake in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima during the second quarter worth $270,000. Finally, TT International Asset Management LTD purchased a new stake in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima during the third quarter valued at $386,000. 19.32% of the stock is owned by institutional investors and hedge funds.

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.