Loma Negra Compania Industrial Argentina (NYSE:LOMA) Shares Gap Up – Time to Buy?

Loma Negra Compania Industrial Argentina S.A. Sponsored ADR (NYSE:LOMA)’s share price gapped up before the market opened on Friday . The stock had previously closed at $12.32, but opened at $12.80. Loma Negra Compania Industrial Argentina shares last traded at $12.6590, with a volume of 189,714 shares.

Analyst Upgrades and Downgrades

Several research firms have commented on LOMA. Wall Street Zen lowered Loma Negra Compania Industrial Argentina from a “hold” rating to a “sell” rating in a research report on Saturday, October 25th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Loma Negra Compania Industrial Argentina in a research note on Monday. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $14.80.

Loma Negra Compania Industrial Argentina Trading Up 0.6%

The company has a current ratio of 1.24, a quick ratio of 0.61 and a debt-to-equity ratio of 0.16. The business has a 50 day simple moving average of $9.83 and a two-hundred day simple moving average of $10.45. The stock has a market cap of $1.45 billion, a price-to-earnings ratio of 39.97 and a beta of 0.89.

Loma Negra Compania Industrial Argentina (NYSE:LOMA) last posted its quarterly earnings data on Thursday, November 6th. The company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.11). The company had revenue of $135.15 million for the quarter, compared to the consensus estimate of $221.70 million. Loma Negra Compania Industrial Argentina had a net margin of 5.67% and a return on equity of 4.40%. As a group, equities analysts anticipate that Loma Negra Compania Industrial Argentina S.A. Sponsored ADR will post 1.25 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Van ECK Associates Corp bought a new stake in Loma Negra Compania Industrial Argentina in the third quarter valued at $28,000. Banco Santander S.A. bought a new stake in Loma Negra Compania Industrial Argentina in the 3rd quarter valued at about $101,000. Y Intercept Hong Kong Ltd acquired a new position in Loma Negra Compania Industrial Argentina during the 2nd quarter valued at about $121,000. Advisors Preferred LLC acquired a new position in Loma Negra Compania Industrial Argentina during the 3rd quarter valued at about $133,000. Finally, Evolution Wealth Advisors LLC bought a new position in Loma Negra Compania Industrial Argentina in the 1st quarter worth about $143,000. 19.32% of the stock is currently owned by institutional investors.

Loma Negra Compania Industrial Argentina 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.