Loma Negra Compania Indl Argentina SA (NYSE:LOMA)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $5.14, but opened at $5.40. Loma Negra Compania Indl Argentina shares last traded at $5.81, with a volume of 51,383 shares trading hands.

Several research firms have recently commented on LOMA. Santander raised Loma Negra Compania Indl Argentina from an “underperform” rating to a “hold” rating in a research report on Monday, July 15th. UBS Group raised Loma Negra Compania Indl Argentina from a “sell” rating to a “neutral” rating in a research report on Thursday, May 30th. Zacks Investment Research raised Loma Negra Compania Indl Argentina from a “sell” rating to a “strong-buy” rating and set a $14.00 target price on the stock in a research report on Wednesday, July 10th. Morgan Stanley downgraded Loma Negra Compania Indl Argentina from an “overweight” rating to an “equal weight” rating in a research report on Monday. Finally, Bank of America downgraded Loma Negra Compania Indl Argentina from a “buy” rating to a “neutral” rating and decreased their target price for the company from $16.50 to $7.50 in a research report on Wednesday. Five equities research analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. Loma Negra Compania Indl Argentina has an average rating of “Hold” and a consensus price target of $10.75.

The firm has a 50-day moving average price of $11.54 and a 200 day moving average price of $11.15. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.80 and a quick ratio of 0.39. The company has a market cap of $655.63 million, a price-to-earnings ratio of 13.95 and a beta of 0.22.

Several institutional investors have recently bought and sold shares of LOMA. Pictet Asset Management Ltd. bought a new position in shares of Loma Negra Compania Indl Argentina in the 2nd quarter valued at $76,000. Nuveen Asset Management LLC bought a new position in Loma Negra Compania Indl Argentina during the 2nd quarter worth $2,552,000. D. E. Shaw & Co. Inc. bought a new position in Loma Negra Compania Indl Argentina during the 2nd quarter worth $180,000. Marshall Wace LLP bought a new position in Loma Negra Compania Indl Argentina during the 2nd quarter worth $227,000. Finally, Capital International Sarl raised its position in Loma Negra Compania Indl Argentina by 25.4% during the 2nd quarter. Capital International Sarl now owns 528,625 shares of the company’s stock worth $6,185,000 after purchasing an additional 106,973 shares during the last quarter. 34.36% of the stock is currently owned by institutional investors.

Loma Negra Compania Indl Argentina Company Profile (NYSE:LOMA)

Loma Negra Compañía Industrial Argentina Sociedad Anónima, together with its subsidiaries, manufactures and markets cement and its by-products in Argentina and Paraguay. It operates through Cement, Masonry Cement and Lime; Concrete; Railroad; Aggregates; and Others segments. The company offers masonry cement, aggregate, ready-mix concrete, and lime to wholesale distributors, concrete producers, industrial customers, and others for use in the construction.

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