Loma Negra Compania Industrial Argentina (NYSE:LOMA) Shares Gap Up – What’s Next?

Loma Negra Compania Industrial Argentina S.A. Sponsored ADR (NYSE:LOMA) shares gapped up prior to trading on Friday . The stock had previously closed at $12.32, but opened at $12.80. Loma Negra Compania Industrial Argentina shares last traded at $12.6590, with a volume of 189,714 shares changing hands.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on LOMA. Weiss Ratings reissued a “hold (c-)” rating on shares of Loma Negra Compania Industrial Argentina in a research note on Monday. Wall Street Zen lowered shares of Loma Negra Compania Industrial Argentina from a “hold” rating to a “sell” rating in a research report on Saturday, October 25th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $14.80.

Loma Negra Compania Industrial Argentina Stock Up 0.6%

The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.61 and a current ratio of 1.24. The company has a market cap of $1.45 billion, a P/E ratio of 39.97 and a beta of 0.89. The stock has a 50 day moving average price of $9.83 and a 200 day moving average price of $10.45.

Loma Negra Compania Industrial Argentina (NYSE:LOMA) last released its earnings results on Thursday, November 6th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.11). Loma Negra Compania Industrial Argentina had a return on equity of 4.40% and a net margin of 5.67%.The firm had revenue of $135.15 million for the quarter, compared to analyst estimates of $221.70 million. Research analysts expect that Loma Negra Compania Industrial Argentina S.A. Sponsored ADR will post 1.25 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets increased its holdings in shares of Loma Negra Compania Industrial Argentina by 5.1% in the second quarter. BNP Paribas Financial Markets now owns 31,336 shares of the company’s stock valued at $344,000 after buying an additional 1,524 shares in the last quarter. Activest Wealth Management raised its position in shares of Loma Negra Compania Industrial Argentina by 0.9% during the first quarter. Activest Wealth Management now owns 169,538 shares of the company’s stock worth $1,863,000 after purchasing an additional 1,563 shares during the period. Simplex Trading LLC lifted its holdings in shares of Loma Negra Compania Industrial Argentina by 23.2% during the first quarter. Simplex Trading LLC now owns 19,725 shares of the company’s stock valued at $216,000 after purchasing an additional 3,711 shares during the last quarter. Van ECK Associates Corp acquired a new position in shares of Loma Negra Compania Industrial Argentina in the 3rd quarter valued at $28,000. Finally, Ping Capital Management Inc. increased its stake in Loma Negra Compania Industrial Argentina by 3.7% in the 2nd quarter. Ping Capital Management Inc. now owns 139,000 shares of the company’s stock worth $1,525,000 after purchasing an additional 5,000 shares in the last quarter. Institutional investors and hedge funds own 19.32% of the company’s stock.

About Loma Negra Compania Industrial Argentina

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.