Cementos Pacasmayo S.A.A. (NYSE:CPAC) Stock Price Passes Above 200-Day Moving Average – Here’s What Happened

Cementos Pacasmayo S.A.A. (NYSE:CPAC) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $10.81 and traded as high as $11.72. Cementos Pacasmayo S.A.A. shares last traded at $11.5750, with a volume of 42,815 shares changing hands.

Analysts Set New Price Targets

Several brokerages have weighed in on CPAC. Zacks Research raised Cementos Pacasmayo S.A.A. from a “strong sell” rating to a “hold” rating in a research report on Monday, May 4th. Weiss Ratings upgraded Cementos Pacasmayo S.A.A. from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, July 9th. Finally, Wall Street Zen lowered Cementos Pacasmayo S.A.A. from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. Four equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $12.90.

Cementos Pacasmayo S.A.A. Stock Down 1.1%

The business has a 50-day moving average price of $11.19 and a 200-day moving average price of $10.81. The stock has a market cap of $981.21 million, a PE ratio of 18.98 and a beta of 0.73. The company has a current ratio of 1.17, a quick ratio of 0.36 and a debt-to-equity ratio of 0.66.

Cementos Pacasmayo S.A.A. (NYSE:CPAC) last issued its quarterly earnings results on Friday, April 24th. The construction company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.11 by $0.17. The company had revenue of $158.94 million during the quarter, compared to analyst estimates of $146.76 million. Cementos Pacasmayo S.A.A. had a net margin of 8.37% and a return on equity of 14.30%. As a group, analysts forecast that Cementos Pacasmayo S.A.A. will post 0.91 earnings per share for the current year.

Institutional Trading of Cementos Pacasmayo S.A.A.

Institutional investors and hedge funds have recently modified their holdings of the stock. Virtu Financial LLC acquired a new position in shares of Cementos Pacasmayo S.A.A. during the 4th quarter worth about $129,000. LPL Financial LLC purchased a new position in Cementos Pacasmayo S.A.A. in the 4th quarter valued at about $155,000. Millennium Management LLC acquired a new stake in Cementos Pacasmayo S.A.A. in the 4th quarter worth about $167,000. BNP Paribas Financial Markets boosted its holdings in Cementos Pacasmayo S.A.A. by 6.7% in the 2nd quarter. BNP Paribas Financial Markets now owns 30,110 shares of the construction company’s stock worth $179,000 after buying an additional 1,900 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Cementos Pacasmayo S.A.A. by 7.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 91,754 shares of the construction company’s stock worth $958,000 after buying an additional 6,054 shares in the last quarter.

Cementos Pacasmayo S.A.A. Company Profile

Cementos Pacasmayo SAA. is a Peru‐based cement and construction materials company engaged in the production, distribution and sale of cement and related products. The company’s core activities include manufacturing ordinary portland cement, hydrated lime and other industrial minerals. It serves the building and infrastructure sectors, offering tailored solutions for public works, residential and commercial construction projects.

Founded in 1949 in the coastal city of Pacasmayo, the company has grown into one of Peru’s leading cement producers.