Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) Stock Price Up 6.4% – Here’s Why

Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) shares rose 6.4% during trading on Wednesday . The stock traded as high as $11.00 and last traded at $10.95. Approximately 101,129 shares changed hands during trading, a decline of 81% from the average daily volume of 532,936 shares. The stock had previously closed at $10.29.

Loma Negra Compañía Industrial Argentina Sociedad Anónima Trading Up 3.4 %

The firm has a 50 day simple moving average of $11.34 and a 200 day simple moving average of $10.48. The company has a current ratio of 1.29, a quick ratio of 0.43 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $1.31 billion, a PE ratio of 19.02 and a beta of 1.31.

Institutional Trading of Loma Negra Compañía Industrial Argentina Sociedad Anónima

Institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC boosted its stake in Loma Negra Compañía Industrial Argentina Sociedad Anónima by 126.5% during the 4th quarter. GAMMA Investing LLC now owns 4,455 shares of the company’s stock valued at $53,000 after purchasing an additional 2,488 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima in the 4th quarter worth $109,000. Systrade AG purchased a new position in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima in the 4th quarter worth $143,000. BNP Paribas Financial Markets boosted its stake in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima by 314,275.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 12,575 shares of the company’s stock worth $101,000 after buying an additional 12,571 shares during the last quarter. Finally, Virtu Financial LLC boosted its stake in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima by 21.5% in 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 last quarter. 19.32% of the stock is currently owned by hedge funds and other institutional investors.

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.