Loma Negra Compania Industrial Argentina (NYSE:LOMA) Sees Large Volume Increase – Should You Buy?

Loma Negra Compania Industrial Argentina S.A. Sponsored ADR (NYSE:LOMA) shares saw unusually-high trading volume on Wednesday . Approximately 604,542 shares were traded during trading, an increase of 56% from the previous session’s volume of 386,767 shares.The stock last traded at $11.4820 and had previously closed at $12.20.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Weiss Ratings lowered shares of Loma Negra Compania Industrial Argentina from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, May 13th. Wall Street Zen upgraded Loma Negra Compania Industrial Argentina from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Loma Negra Compania Industrial Argentina Stock Performance

The company has a market cap of $1.33 billion, a price-to-earnings ratio of 47.66, a P/E/G ratio of 0.50 and a beta of 0.76. The company has a current ratio of 2.02, a quick ratio of 0.65 and a debt-to-equity ratio of 0.20. The stock’s fifty day simple moving average is $11.41 and its 200 day simple moving average is $11.49.

Loma Negra Compania Industrial Argentina (NYSE:LOMA) last released its earnings results on Monday, May 4th. The company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.20. The business had revenue of $158.23 million for the quarter, compared to analyst estimates of $119.83 million. Loma Negra Compania Industrial Argentina had a net margin of 4.38% and a return on equity of 3.27%. As a group, analysts anticipate that Loma Negra Compania Industrial Argentina S.A. Sponsored ADR will post 0.59 earnings per share for the current year.

Hedge Funds Weigh In On Loma Negra Compania Industrial Argentina

A number of institutional investors have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Loma Negra Compania Industrial Argentina in the 3rd quarter valued at $8,229,000. Fundamenta Capital S.A. purchased a new position in shares of Loma Negra Compania Industrial Argentina during the 4th quarter worth $13,087,000. PointState Capital LP boosted its position in shares of Loma Negra Compania Industrial Argentina by 245.3% during the 4th quarter. PointState Capital LP now owns 1,130,732 shares of the company’s stock valued at $14,643,000 after acquiring an additional 803,289 shares during the last quarter. RWC Asset Management LLP boosted its position in shares of Loma Negra Compania Industrial Argentina by 36.8% during the 4th quarter. RWC Asset Management LLP now owns 1,965,612 shares of the company’s stock valued at $25,455,000 after acquiring an additional 529,153 shares during the last quarter. Finally, Qube Research & Technologies Ltd purchased a new stake in shares of Loma Negra Compania Industrial Argentina in the third quarter valued at about $2,372,000. Hedge funds and other institutional investors own 19.32% of the company’s stock.

About Loma Negra Compania Industrial Argentina

Loma Negra Compañía Industrial Argentina SA is the leading cement producer in Argentina, with a history dating back to its founding in Buenos Aires in 1926. The company operates an integrated network of cement and lime plants, as well as quarries and ready-mix concrete facilities. Its operations encompass the extraction of limestone, the production of clinker, hydraulic cement and quicklime, and the distribution of aggregates and concrete for a wide range of construction projects.

The company’s product portfolio serves residential, commercial, industrial and public infrastructure markets across Argentina.