Loma Negra Compania Industrial Argentina (NYSE:LOMA) Trading Up 7.9% – Here’s Why

Loma Negra Compania Industrial Argentina S.A. Sponsored ADR (NYSE:LOMA)’s stock price traded up 7.9% during mid-day trading on Thursday . The stock traded as high as $12.22 and last traded at $12.2630. 122,661 shares were traded during trading, a decline of 68% from the average session volume of 384,978 shares. The stock had previously closed at $11.36.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on LOMA. Wall Street Zen raised Loma Negra Compania Industrial Argentina from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings downgraded shares of Loma Negra Compania Industrial Argentina from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 13th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Loma Negra Compania Industrial Argentina presently has an average rating of “Moderate Buy” and a consensus price target of $16.00.

Loma Negra Compania Industrial Argentina Stock Down 0.5%

The stock has a market capitalization of $1.46 billion, a PE ratio of 52.18, a price-to-earnings-growth ratio of 0.53 and a beta of 0.76. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.02 and a quick ratio of 0.65. The business’s fifty day moving average price is $11.32 and its two-hundred day moving average price is $11.48.

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

Institutional Investors Weigh In On Loma Negra Compania Industrial Argentina

Institutional investors and hedge funds have recently modified their holdings of the company. Van ECK Associates Corp purchased a new stake in Loma Negra Compania Industrial Argentina in the third quarter valued at approximately $28,000. Banco Santander S.A. purchased a new position in Loma Negra Compania Industrial Argentina during the 3rd quarter worth approximately $101,000. Advisors Preferred LLC acquired a new stake in Loma Negra Compania Industrial Argentina during the 3rd quarter valued at approximately $133,000. Savant Capital LLC purchased a new stake in shares of Loma Negra Compania Industrial Argentina in the 4th quarter valued at $180,000. Finally, Mangrove Partners IM LLC purchased a new stake in shares of Loma Negra Compania Industrial Argentina in the 4th quarter valued at $201,000. Institutional investors and hedge funds 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.