Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) Reaches New 52-Week High – Should You Buy?

Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) shares hit a new 52-week high on Monday . The company traded as high as $12.04 and last traded at $12.04, with a volume of 256 shares trading hands. The stock had previously closed at $11.87.

Loma Negra Compañía Industrial Argentina Sociedad Anónima Stock Up 5.0 %

The business’s 50 day moving average price is $9.50 and its 200-day moving average price is $7.90. 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 firm has a market capitalization of $1.51 billion, a PE ratio of 21.90 and a beta of 1.36.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Virtu Financial LLC increased its stake in Loma Negra Compañía Industrial Argentina Sociedad Anónima by 21.5% during the 3rd quarter. Virtu Financial LLC now owns 18,945 shares of the company’s stock worth $153,000 after buying an additional 3,355 shares during the period. BNP Paribas Financial Markets grew its stake 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 worth $101,000 after acquiring an additional 12,571 shares in the last quarter. abrdn plc increased its position in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima by 1.3% during the third quarter. abrdn plc now owns 1,250,500 shares of the company’s stock worth $10,079,000 after acquiring an additional 16,300 shares during the period. SkyView Investment Advisors LLC acquired a new stake in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima in the third quarter valued at $161,000. Finally, Long Focus Capital Management LLC boosted its holdings in Loma Negra Compañía Industrial Argentina Sociedad Anónima by 9.2% in the second 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. Hedge funds and other institutional investors own 19.32% of the company’s stock.

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.