Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) Shares Gap Down – Here’s Why

Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) gapped down prior to trading on Tuesday . The stock had previously closed at $11.79, but opened at $11.12. Loma Negra Compañía Industrial Argentina Sociedad Anónima shares last traded at $11.36, with a volume of 181,319 shares.

Loma Negra Compañía Industrial Argentina Sociedad Anónima Price Performance

The company has a quick ratio of 0.43, a current ratio of 1.29 and a debt-to-equity ratio of 0.19. The firm has a market cap of $1.38 billion, a PE ratio of 20.02 and a beta of 1.33. The stock has a 50 day moving average price of $12.01 and a two-hundred day moving average price of $9.86.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. abrdn plc raised its stake in Loma Negra Compañía Industrial Argentina Sociedad Anónima by 1.3% in the 3rd quarter. abrdn plc now owns 1,250,500 shares of the company’s stock worth $10,079,000 after acquiring an additional 16,300 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima by 314,275.0% in the third quarter. BNP Paribas Financial Markets now owns 12,575 shares of the company’s stock valued at $101,000 after purchasing an additional 12,571 shares during the period. Stifel Financial Corp purchased a new position in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima in the third quarter worth about $2,053,000. TT International Asset Management LTD acquired a new stake in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima during the third quarter worth about $386,000. Finally, Virtu Financial LLC boosted its position in Loma Negra Compañía Industrial Argentina Sociedad Anónima by 21.5% in the third quarter. Virtu Financial LLC now owns 18,945 shares of the company’s stock valued at $153,000 after buying an additional 3,355 shares during the last quarter. Institutional investors and hedge funds own 19.32% of the company’s stock.

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.