Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) Shares Gap Down – Should You Sell?

Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) shares 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 changing hands.

Loma Negra Compañía Industrial Argentina Sociedad Anónima Stock Performance

The stock has a market capitalization of $1.38 billion, a P/E ratio of 20.10 and a beta of 1.33. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.43 and a current ratio of 1.29. The company’s fifty day simple moving average is $11.98 and its two-hundred day simple moving average is $9.92.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its stake in Loma Negra Compañía Industrial Argentina Sociedad Anónima by 126.5% in the fourth 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 in the last quarter. BNP Paribas Financial Markets grew its position in Loma Negra Compañía Industrial Argentina Sociedad Anónima by 314,275.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 12,575 shares of the company’s stock worth $101,000 after acquiring an additional 12,571 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima in the fourth quarter valued at approximately $109,000. Systrade AG bought a new position in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima during the fourth quarter valued at $143,000. Finally, Virtu Financial LLC raised its position in Loma Negra Compañía Industrial Argentina Sociedad Anónima by 21.5% during the 3rd quarter. Virtu Financial LLC now owns 18,945 shares of the company’s stock worth $153,000 after purchasing an additional 3,355 shares during the last quarter. 19.32% of the stock is owned by institutional investors and hedge funds.

Loma Negra Compañía Industrial Argentina Sociedad Anónima Company Profile

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.