Cementos Pacasmayo S.A.A. (NYSE:CPAC) Shares Cross Above Two Hundred Day Moving Average – Should You Sell?
by Sarita Garza · The Markets DailyCementos Pacasmayo S.A.A. (NYSE:CPAC – Get Free Report) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $11.00 and traded as high as $12.03. Cementos Pacasmayo S.A.A. shares last traded at $11.88, with a volume of 54,047 shares.
Analyst Ratings Changes
Several equities research analysts have weighed in on the stock. Weiss Ratings raised shares of Cementos Pacasmayo S.A.A. from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, July 9th. Scotiabank increased their price objective on shares of Cementos Pacasmayo S.A.A. from $12.80 to $13.00 and gave the stock a “sector perform” rating in a research report on Tuesday, July 21st. Wall Street Zen upgraded Cementos Pacasmayo S.A.A. to a “buy” rating in a research note on Saturday, August 1st. Finally, 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. Four research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Cementos Pacasmayo S.A.A. has an average rating of “Hold” and a consensus price target of $13.00.
View Our Latest Report on Cementos Pacasmayo S.A.A.
Cementos Pacasmayo S.A.A. Price Performance
The firm has a market capitalization of $994.40 million, a PE ratio of 16.29 and a beta of 0.74. The business has a 50-day moving average of $11.75 and a 200 day moving average of $11.00. The company has a current ratio of 1.22, a quick ratio of 0.50 and a debt-to-equity ratio of 0.59.
Cementos Pacasmayo S.A.A. (NYSE:CPAC – Get Free Report) last issued its quarterly earnings data on Tuesday, July 21st. The construction company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.14. The business had revenue of $163.77 million for the quarter, compared to analysts’ expectations of $156.89 million. Cementos Pacasmayo S.A.A. had a return on equity of 16.49% and a net margin of 9.42%. As a group, research analysts anticipate that Cementos Pacasmayo S.A.A. will post 0.91 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in the company. Virtu Financial LLC bought a new stake in Cementos Pacasmayo S.A.A. in the 4th quarter worth about $129,000. LPL Financial LLC bought a new position in shares of Cementos Pacasmayo S.A.A. during the 4th quarter worth approximately $155,000. Millennium Management LLC purchased a new position in shares of Cementos Pacasmayo S.A.A. in the 4th quarter worth approximately $167,000. BNP Paribas Financial Markets boosted its stake in shares of 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 grew its holdings in shares of Cementos Pacasmayo S.A.A. by 7.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 91,754 shares of the construction company’s stock valued at $958,000 after acquiring an additional 6,054 shares in the last quarter.
About Cementos Pacasmayo S.A.A.
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.