Loma Negra Compania Industrial Argentina (NYSE:LOMA) Hits New 12-Month Low – Time to Sell?

Loma Negra Compania Industrial Argentina S.A. Sponsored ADR (NYSE:LOMA) shares hit a new 52-week low during mid-day trading on Tuesday. The stock traded as low as $8.73 and last traded at $8.7850, with a volume of 81,396 shares trading hands. The stock had previously closed at $9.10.

Wall Street Analyst Weigh In

A number of research firms recently commented on LOMA. Citigroup reiterated a “buy” rating on shares of Loma Negra Compania Industrial Argentina in a research report on Wednesday, August 12th. Weiss Ratings downgraded shares of Loma Negra Compania Industrial Argentina from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, October 9th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Loma Negra Compania Industrial Argentina currently has an average rating of “Hold”.

Loma Negra Compania Industrial Argentina Price Performance

The firm has a market capitalization of $1.03 billion, a P/E ratio of 30.40, a price-to-earnings-growth ratio of 0.28 and a beta of 0.77. The firm has a 50 day moving average price of $9.62 and a 200-day moving average price of $10.72. The company has a current ratio of 2.25, a quick ratio of 0.72 and a debt-to-equity ratio of 0.20.

Loma Negra Compania Industrial Argentina (NYSE:LOMA) last released its earnings results on Thursday, November 5th. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.04. Loma Negra Compania Industrial Argentina had a return on equity of 3.79% and a net margin of 5.05%. The firm had revenue of $177.12 million for the quarter, compared to the consensus estimate of $122.39 million. On average, analysts expect that Loma Negra Compania Industrial Argentina S.A. Sponsored ADR will post 0.80 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of LOMA. Absolute Gestao de Investimentos Ltda. raised its stake in shares of Loma Negra Compania Industrial Argentina by 72.6% in the first quarter. Absolute Gestao de Investimentos Ltda. now owns 147,436 shares of the company’s stock valued at $1,635,000 after acquiring an additional 62,010 shares during the period. Crocodile Capital Partners GmbH boosted its stake in shares of Loma Negra Compania Industrial Argentina by 47.6% during the 2nd quarter. Crocodile Capital Partners GmbH now owns 147,250 shares of the company’s stock worth $1,686,000 after purchasing an additional 47,514 shares during the period. Finally, ABS Direct Equity Fund LLC boosted its stake in shares of Loma Negra Compania Industrial Argentina by 73.1% during the 1st quarter. ABS Direct Equity Fund LLC now owns 179,961 shares of the company’s stock worth $1,996,000 after purchasing an additional 75,971 shares during the period. 19.32% of the stock is owned by hedge funds and other institutional investors.

Loma Negra Compania Industrial Argentina Company Profile

Loma Negra Compañía Industrial Argentina Sociedad Anónima is an Argentina-based producer of cement and related construction materials. The company supplies cement, masonry cement, concrete and aggregates for residential, commercial and infrastructure projects, serving customers through a network of industrial facilities and distribution channels.

Founded in 1926, Loma Negra has played a longstanding role in Argentina’s construction-materials industry. Its product portfolio includes bulk and bagged cement, ready-mix concrete and aggregates, as well as other materials used in building and civil-engineering applications.