Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) Hits New 12-Month High – Still a Buy?

Shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) hit a new 52-week high during mid-day trading on Monday . The company 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 Trading Up 6.2 %

The company has a current ratio of 1.29, a quick ratio of 0.43 and a debt-to-equity ratio of 0.19. The business has a 50 day moving average price of $8.73 and a 200-day moving average price of $7.57. The firm has a market capitalization of $1.28 billion, a PE ratio of 17.97 and a beta of 1.31.

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

Several hedge funds have recently made changes to their positions in LOMA. BNP Paribas Financial Markets boosted its stake in Loma Negra Compañía Industrial Argentina Sociedad Anónima by 314,275.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 12,575 shares of the company’s stock valued at $101,000 after acquiring an additional 12,571 shares during the last quarter. Truist Financial Corp acquired a new position in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima in the second quarter worth about $200,000. Virtu Financial LLC boosted its holdings in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima by 272.8% during the first 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 acquired a new stake in Loma Negra Compañía Industrial Argentina Sociedad Anónima in the second quarter valued at approximately $270,000. Finally, TT International Asset Management LTD bought a new position in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima in the third quarter valued at approximately $386,000. Institutional investors and hedge funds 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.