Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) Shares Gap Down to $6.64


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Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $6.64, but opened at $6.46. Loma Negra Compañía Industrial Argentina Sociedad Anónima shares last traded at $6.46, with a volume of 100 shares traded.

A number of research analysts recently issued reports on the company. TheStreet upgraded Loma Negra Compañía Industrial Argentina Sociedad Anónima from a “c” rating to a “b-” rating in a report on Monday, March 15th. Zacks Investment Research upgraded Loma Negra Compañía Industrial Argentina Sociedad Anónima from a “sell” rating to a “hold” rating in a research note on Wednesday, January 13th. Four equities research analysts have rated the stock with a hold rating, The stock currently has an average rating of “Hold” and a consensus target price of $5.13.

The company has a market capitalization of $783.18 million, a price-to-earnings ratio of 6.51 and a beta of 1.50. The stock has a 50-day moving average price of $5.93 and a 200-day moving average price of $5.37. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.83 and a quick ratio of 0.52.

An institutional investor recently raised its position in Loma Negra Compañía Industrial Argentina Sociedad Anónima stock. FMR LLC grew its holdings in Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) by 22.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 113,143 shares of the company’s stock after buying an additional 20,680 shares during the period. FMR LLC owned 0.09% of Loma Negra Compañía Industrial Argentina Sociedad Anónima worth $1,239,000 at the end of the most recent quarter. Institutional investors and hedge funds own 27.54% of the company’s stock.

About Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA)

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

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