Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) Shares Gap Down to $6.71

Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA - Get Free Report)'s stock price gapped down before the market opened on Thursday . The stock had previously closed at $6.71, but opened at $6.51. Loma Negra Compañía Industrial Argentina Sociedad Anónima shares last traded at $6.50, with a volume of 120,398 shares.

Analyst Upgrades and Downgrades

Separately, UBS Group cut Loma Negra Compañía Industrial Argentina Sociedad Anónima from a "neutral" rating to a "sell" rating and lowered their price objective for the stock from $6.00 to $5.00 in a research report on Thursday.

Loma Negra Compañía Industrial Argentina Sociedad Anónima Trading Down 2.8 %

The company has a 50-day moving average price of $6.73 and a 200-day moving average price of $6.54. The firm has a market capitalization of $761.14 million, a price-to-earnings ratio of 50.16, a PEG ratio of 0.20 and a beta of 1.46. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.44 and a current ratio of 1.09.

Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA - Get Free Report) last announced its earnings results on Wednesday, March 6th. The company reported ($0.41) earnings per share (EPS) for the quarter. The firm had revenue of $242.13 million during the quarter. Loma Negra Compañía Industrial Argentina Sociedad Anónima had a net margin of 1.58% and a return on equity of 1.82%. As a group, research analysts forecast that Loma Negra Compañía Industrial Argentina Sociedad Anónima will post 0.7 EPS for the current fiscal year.

Institutional Trading of Loma Negra Compañía Industrial Argentina Sociedad Anónima

Large investors have recently made changes to their positions in the company. Renaissance Technologies LLC lifted its position in Loma Negra Compañía Industrial Argentina Sociedad Anónima by 3.2% during the 1st quarter. Renaissance Technologies LLC now owns 175,800 shares of the company's stock worth $1,006,000 after acquiring an additional 5,518 shares during the period. Invesco Ltd. lifted its position in Loma Negra Compañía Industrial Argentina Sociedad Anónima by 2.5% during the 1st quarter. Invesco Ltd. now owns 126,048 shares of the company's stock worth $721,000 after acquiring an additional 3,094 shares during the period. Engineers Gate Manager LP acquired a new stake in Loma Negra Compañía Industrial Argentina Sociedad Anónima during the 1st quarter worth approximately $86,000. Eaton Vance Management acquired a new stake in Loma Negra Compañía Industrial Argentina Sociedad Anónima during the 1st quarter worth approximately $2,796,000. Finally, Virtu Financial LLC acquired a new stake in Loma Negra Compañía Industrial Argentina Sociedad Anónima during the 1st quarter worth approximately $127,000. 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.