Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) Sets New 52-Week High – Time to Buy?

Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA)’s share price reached a new 52-week high 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 Stock Performance

The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.43 and a current ratio of 1.29. The company’s 50 day moving average price is $9.23 and its 200-day moving average price is $7.77. The company has a market cap of $1.33 billion, a PE ratio of 19.36 and a beta of 1.31.

Institutional Investors Weigh In On Loma Negra Compañía Industrial Argentina Sociedad Anónima

Institutional investors have recently added to or reduced their stakes in the business. Virtu Financial LLC lifted its stake in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima by 272.8% during the 1st quarter. Virtu Financial LLC now owns 37,799 shares of the company’s stock valued at $252,000 after buying an additional 27,660 shares in the last quarter. Liontrust Investment Partners LLP purchased a new stake in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima during the second quarter worth $270,000. Ping Capital Management Inc. bought a new position in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima in the second quarter worth $703,000. Mak Capital One LLC grew its position in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima by 153.2% in the second quarter. Mak Capital One LLC now owns 1,823,913 shares of the company’s stock valued at $12,330,000 after purchasing an additional 1,103,515 shares in the last quarter. Finally, Long Focus Capital Management LLC raised its stake in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima by 9.2% during the 2nd quarter. Long Focus Capital Management LLC now owns 237,600 shares of the company’s stock valued at $1,606,000 after purchasing an additional 20,000 shares during the period. 19.32% of the stock is owned by hedge funds and other institutional investors.

About Loma Negra Compañía Industrial Argentina Sociedad Anónima

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.