Loma Negra Compania Industrial Argentina (NYSE:LOMA) Reaches New 1-Year Low – Time to Sell?

Loma Negra Compania Industrial Argentina S.A. Sponsored ADR (NYSE:LOMA) hit a new 52-week low during mid-day trading on Tuesday. The company traded as low as $8.73 and last traded at $8.7850, with a volume of 81,396 shares trading hands. The stock had previously closed at $9.10.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Weiss Ratings cut shares of Loma Negra Compania Industrial Argentina from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, October 9th. Citigroup reiterated a “buy” rating on shares of Loma Negra Compania Industrial Argentina in a report on Wednesday, August 12th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, Loma Negra Compania Industrial Argentina presently has a consensus rating of “Hold”.

Loma Negra Compania Industrial Argentina Trading Down 2.5%

The company has a current ratio of 2.25, a quick ratio of 0.72 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $1.04 billion, a PE ratio of 30.61, a P/E/G ratio of 0.28 and a beta of 0.72. The firm has a 50 day simple moving average of $9.67 and a 200 day simple moving average of $10.76.

Loma Negra Compania Industrial Argentina (NYSE:LOMA) last issued its earnings results on Thursday, August 6th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.06). Loma Negra Compania Industrial Argentina had a return on equity of 3.79% and a net margin of 5.05%. The business had revenue of $160.41 million during the quarter, compared to analysts’ expectations of $108.44 million. Equities analysts expect that Loma Negra Compania Industrial Argentina S.A. Sponsored ADR will post 0.80 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of LOMA. Crocodile Capital Partners GmbH grew its stake in shares of Loma Negra Compania Industrial Argentina by 47.6% during the 2nd quarter. Crocodile Capital Partners GmbH now owns 147,250 shares of the company’s stock valued at $1,686,000 after purchasing an additional 47,514 shares during the period. Absolute Gestao de Investimentos Ltda. raised its holdings in Loma Negra Compania Industrial Argentina by 72.6% in the 1st quarter. Absolute Gestao de Investimentos Ltda. now owns 147,436 shares of the company’s stock worth $1,635,000 after purchasing an additional 62,010 shares during the period. Finally, ABS Direct Equity Fund LLC raised its holdings in Loma Negra Compania Industrial Argentina by 73.1% in the 1st quarter. ABS Direct Equity Fund LLC now owns 179,961 shares of the company’s stock worth $1,996,000 after purchasing an additional 75,971 shares during the period. 19.32% of the stock is owned by hedge funds and other institutional investors.

Loma Negra Compania Industrial Argentina Company Profile

Loma Negra Compañía Industrial Argentina Sociedad Anónima is an Argentina-based producer of cement and related construction materials. The company supplies cement, masonry cement, concrete and aggregates for residential, commercial and infrastructure projects, serving customers through a network of industrial facilities and distribution channels.

Founded in 1926, Loma Negra has played a longstanding role in Argentina’s construction-materials industry. Its product portfolio includes bulk and bagged cement, ready-mix concrete and aggregates, as well as other materials used in building and civil-engineering applications.