Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) Reaches New 52-Week High – Here’s What Happened

Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA)’s stock price hit a new 52-week high during trading on Friday . The stock traded as high as $9.04 and last traded at $9.01, with a volume of 311720 shares trading hands. The stock had previously closed at $8.63.

Loma Negra Compañía Industrial Argentina Sociedad Anónima Price Performance

The business’s 50-day simple moving average is $7.91 and its two-hundred day simple moving average is $7.28. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of 15.10 and a beta of 1.33. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.22 and a quick ratio of 0.35.

Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.29 earnings per share 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 company had revenue of $153.80 million for the quarter. Research analysts expect that Loma Negra Compañía Industrial Argentina Sociedad Anónima will post 0.75 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Deuterium Capital Management LLC bought a new stake in Loma Negra Compañía Industrial Argentina Sociedad Anónima during the 1st quarter worth approximately $67,000. Truist Financial Corp bought a new stake in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima in the second quarter worth $200,000. Virtu Financial LLC increased its holdings in 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 valued at $252,000 after purchasing an additional 27,660 shares during the period. Liontrust Investment Partners LLP bought a new position in Loma Negra Compañía Industrial Argentina Sociedad Anónima during the 2nd quarter worth $270,000. Finally, Ping Capital Management Inc. acquired a new position in Loma Negra Compañía Industrial Argentina Sociedad Anónima during the 2nd quarter worth about $703,000. 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.