Loma Negra Compania Industrial Argentina (NYSE:LOMA) Sees Large Volume Increase – What’s Next?

Shares of Loma Negra Compania Industrial Argentina S.A. Sponsored ADR (NYSE:LOMA) saw an uptick in trading volume on Monday . 1,051,855 shares traded hands during trading, an increase of 174% from the previous session’s volume of 383,191 shares.The stock last traded at $12.4040 and had previously closed at $12.00.

Wall Street Analyst Weigh In

A number of research firms have weighed in on LOMA. Weiss Ratings lowered shares of Loma Negra Compania Industrial Argentina from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 13th. Wall Street Zen upgraded shares of Loma Negra Compania Industrial Argentina from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $16.00.

Loma Negra Compania Industrial Argentina Stock Up 3.1%

The company has a current ratio of 2.02, a quick ratio of 0.65 and a debt-to-equity ratio of 0.20. The stock’s 50-day moving average is $11.10 and its 200-day moving average is $11.47. The company has a market cap of $1.44 billion, a price-to-earnings ratio of 51.61, a P/E/G ratio of 0.51 and a beta of 0.76.

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Van ECK Associates Corp acquired a new position in Loma Negra Compania Industrial Argentina during the third quarter worth $28,000. Banco Santander S.A. acquired a new position in Loma Negra Compania Industrial Argentina during the third quarter worth $101,000. Advisors Preferred LLC acquired a new position in Loma Negra Compania Industrial Argentina during the third quarter worth $133,000. Savant Capital LLC acquired a new position in Loma Negra Compania Industrial Argentina during the fourth quarter worth $180,000. Finally, Mangrove Partners IM LLC acquired a new position in Loma Negra Compania Industrial Argentina during the fourth quarter worth $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.