LOMA Stock Recent News

In the closing of the recent trading day, Loma Negra Compania Industrial Argentina S.A. Sponsored ADR (LOMA) stood at $6.22, denoting no change from the preceding trading day.

Loma Negra Compania Industrial Argentina S.A. Sponsored ADR (LOMA) closed at $7.19 in the latest trading session, marking a +1.41% move from the prior day.

The latest trading day saw Loma Negra Compania Industrial Argentina S.A. Sponsored ADR (LOMA) settling at $6.19, representing a +0.81% change from its previous close.

Loma Negra Compania Industrial Argentina S.A. Sponsored ADR (LOMA) closed the most recent trading day at $5.78, moving +1.4% from the previous trading session.

Loma Negra Compania Industrial Argentina S.A. Sponsored ADR (LOMA) concluded the recent trading session at $5.91, signifying a +1.2% move from its prior day's close.

Cement demand in Argentina has been high in recent months, and 2023 is on pace to be the second-best year for the sector in terms of volumes. Loma Negra is the largest local cement maker and is trading at an EV/adjusted EBITDA ratio of 3.1x on a TTM basis. In my view, adjusted EBITDA for 2023 is likely to surpass $200 million despite the second part of the year being softer.

Loma Negra Compania Industrial Argentina S.A. Sponsored ADR (LOMA) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Fed decides to keep interest rates steady for now but further rate increases are on the horizon. Unlock your portfolio value with high earnings yield stocks like LOMA, PLAY, WNC, TAC and CPA.

Loma Negra Compania Industrial Argentina S.A. Sponsored ADR (LOMA) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices.