Cementos Pacasmayo S.A.A. (NYSE:CPAC) Shares Cross Above Two Hundred Day Moving Average – What’s Next?

Cementos Pacasmayo S.A.A. (NYSE:CPAC) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $5.69 and traded as high as $6.00. Cementos Pacasmayo S.A.A. shares last traded at $5.95, with a volume of 639 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Scotiabank lifted their price objective on shares of Cementos Pacasmayo S.A.A. from $6.00 to $6.40 and gave the company a “sector perform” rating in a research note on Wednesday, June 4th.

Cementos Pacasmayo S.A.A. Trading Down 0.7%

The business’s 50 day moving average price is $5.73 and its two-hundred day moving average price is $5.69. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.34 and a current ratio of 1.33. The company has a market capitalization of $504.38 million, a price-to-earnings ratio of 10.08 and a beta of 0.70.

Cementos Pacasmayo S.A.A. (NYSE:CPAC) last announced its earnings results on Monday, April 28th. The construction company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.14 by $0.02. The firm had revenue of $134.84 million for the quarter, compared to analysts’ expectations of $498.00 million. Cementos Pacasmayo S.A.A. had a return on equity of 15.87% and a net margin of 10.10%. Equities analysts forecast that Cementos Pacasmayo S.A.A. will post 0.62 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Cementos Pacasmayo S.A.A. stock. BNP Paribas Financial Markets grew its holdings in shares of Cementos Pacasmayo S.A.A. (NYSE:CPAC) by 7.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 29,110 shares of the construction company’s stock after purchasing an additional 2,000 shares during the period. BNP Paribas Financial Markets’ holdings in Cementos Pacasmayo S.A.A. were worth $152,000 as of its most recent filing with the Securities and Exchange Commission.

Cementos Pacasmayo S.A.A. Company Profile

Cementos Pacasmayo SAA., a cement company, produces, distributes, and sells cement and cement-related materials in Peru. It operates through three segments: Cement, Concrete, Mortar and Precast; Quicklime; and Sales of Construction Supplies. The company’s cement and concrete products are used in residential and commercial construction, and civil engineering; ready-mix concrete used in construction sites; concrete precast, such as paving units or paver stones for pedestrian walkways, as well as other bricks for partition walls and concrete precast for structural and non-structural uses; and cement-based products.