Loma Negra Compania Industrial Argentina (NYSE:LOMA) Sees Unusually-High Trading Volume – Should You Buy?

Loma Negra Compania Industrial Argentina S.A. Sponsored ADR (NYSE:LOMA) saw an uptick in trading volume on Wednesday . Approximately 604,542 shares changed hands during trading, an increase of 56% from the previous session’s volume of 386,767 shares.The stock last traded at $11.4820 and had previously closed at $12.20.

Analysts Set New Price Targets

Several analysts have recently weighed in on LOMA shares. Weiss Ratings cut shares of Loma Negra Compania Industrial Argentina from a “hold (c)” rating to a “hold (c-)” rating in a research note 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 report on Saturday, May 9th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Loma Negra Compania Industrial Argentina Trading Down 6.5%

The company has a debt-to-equity ratio of 0.20, a current ratio of 2.02 and a quick ratio of 0.65. The company’s 50 day simple moving average is $11.41 and its two-hundred day simple moving average is $11.49. The company has a market cap of $1.33 billion, a PE ratio of 47.66, a price-to-earnings-growth ratio of 0.50 and a beta of 0.76.

Loma Negra Compania Industrial Argentina (NYSE:LOMA) last announced 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 return on equity of 3.27% and a net margin of 4.38%.The company had revenue of $158.23 million for the quarter, compared to analyst estimates of $119.83 million. As a group, sell-side analysts anticipate that Loma Negra Compania Industrial Argentina S.A. Sponsored ADR will post 0.59 EPS for the current fiscal year.

Institutional Trading of Loma Negra Compania Industrial Argentina

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Van ECK Associates Corp purchased a new position in shares of Loma Negra Compania Industrial Argentina in the third quarter valued at approximately $28,000. Banco Santander S.A. acquired a new stake in Loma Negra Compania Industrial Argentina during the 3rd quarter worth approximately $101,000. Savant Capital LLC acquired a new stake in Loma Negra Compania Industrial Argentina during the 4th quarter worth approximately $180,000. Mangrove Partners IM LLC purchased a new position in Loma Negra Compania Industrial Argentina in the 4th quarter valued at approximately $201,000. Finally, Dodge & Cox boosted its position in Loma Negra Compania Industrial Argentina by 17.0% in the 3rd quarter. Dodge & Cox now owns 36,400 shares of the company’s stock valued at $268,000 after buying an additional 5,300 shares during the period. 19.32% of the stock is currently owned by hedge funds and other institutional investors.

Loma Negra Compania Industrial Argentina Company Profile

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.