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

Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) hit a new 52-week high during trading on Tuesday . The company traded as high as $11.45 and last traded at $11.38, with a volume of 211703 shares trading hands. The stock had previously closed at $11.16.

Loma Negra Compañía Industrial Argentina Sociedad Anónima Price Performance

The firm has a 50 day moving average price of $9.11 and a two-hundred day moving average price of $7.71. The company has a market cap of $1.38 billion, a P/E ratio of 18.92 and a beta of 1.31. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.43 and a current ratio of 1.29.

Hedge Funds Weigh In On Loma Negra Compañía Industrial Argentina Sociedad Anónima

A number of large investors have recently made changes to their positions in the stock. BNP Paribas Financial Markets boosted its position in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima by 314,275.0% in the third 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 period. Virtu Financial LLC boosted its holdings in Loma Negra Compañía Industrial Argentina Sociedad Anónima by 21.5% in the 3rd quarter. Virtu Financial LLC now owns 18,945 shares of the company’s stock valued at $153,000 after purchasing an additional 3,355 shares during the period. SkyView Investment Advisors LLC bought a new position in Loma Negra Compañía Industrial Argentina Sociedad Anónima in the 3rd quarter valued at $161,000. Truist Financial Corp purchased a new position in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima during the 2nd quarter valued at $200,000. Finally, Liontrust Investment Partners LLP purchased a new stake in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima in the second quarter worth $270,000. 19.32% of the stock is 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.