Loma Negra Compañía Industrial Argentina Sociedad Anónima’s (NYSE:LOMA) Share Price Is Still Matching Investor Opinion Despite 28% Slump
Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) shareholders that were waiting for something to happen have been dealt a blow with a 28% share price drop in the last month. Looking back over the past twelve months the stock has been a solid performer regardless, with a gain of 25%.
In spite of the heavy fall in price, given around half the companies in the United States have price-to-earnings ratios (or “P/E’s”) below 19x, you may still consider Loma Negra Compañía Industrial Argentina Sociedad Anónima as a stock to potentially avoid with its 27.7x P/E ratio. However, the P/E might be high for a reason and it requires further investigation to determine if it’s justified.
