Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) Shares Gap Up – Should You Buy?

Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) gapped up prior to trading on Tuesday . The stock had previously closed at $12.30, but opened at $12.65. Loma Negra Compañía Industrial Argentina Sociedad Anónima shares last traded at $12.67, with a volume of 99,071 shares.

Loma Negra Compañía Industrial Argentina Sociedad Anónima Stock Performance

The company has a debt-to-equity ratio of 0.19, a current ratio of 1.29 and a quick ratio of 0.43. The company’s fifty day moving average price is $9.42 and its 200 day moving average price is $7.87. The company has a market cap of $1.50 billion, a PE ratio of 20.81 and a beta of 1.36.

Institutional Trading of Loma Negra Compañía Industrial Argentina Sociedad Anónima

A number of hedge funds have recently bought and sold shares of LOMA. Virtu Financial LLC boosted its stake in Loma Negra Compañía Industrial Argentina Sociedad Anónima by 21.5% in the third 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. BNP Paribas Financial Markets raised its holdings in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima by 314,275.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 12,575 shares of the company’s stock worth $101,000 after purchasing an additional 12,571 shares during the period. abrdn plc lifted its stake in Loma Negra Compañía Industrial Argentina Sociedad Anónima by 1.3% in the third quarter. abrdn plc now owns 1,250,500 shares of the company’s stock valued at $10,079,000 after purchasing an additional 16,300 shares during the last quarter. SkyView Investment Advisors LLC bought a new position in Loma Negra Compañía Industrial Argentina Sociedad Anónima during the third quarter valued at $161,000. Finally, Long Focus Capital Management LLC increased its position in Loma Negra Compañía Industrial Argentina Sociedad Anónima by 9.2% in the second quarter. Long Focus Capital Management LLC now owns 237,600 shares of the company’s stock worth $1,606,000 after buying an additional 20,000 shares during the last quarter. 19.32% of the stock is currently owned by institutional investors.

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.