Shares of Cementos Pacasmayo ADR (NYSE:CPAC) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $9.11 and traded as high as $8.37. Cementos Pacasmayo shares last traded at $8.37, with a volume of 16,945 shares trading hands.
A number of brokerages have recently weighed in on CPAC. UBS Group raised Cementos Pacasmayo from a “neutral” rating to a “buy” rating in a report on Wednesday, July 24th. ValuEngine lowered Cementos Pacasmayo from a “hold” rating to a “sell” rating in a report on Monday, July 29th. Finally, Zacks Investment Research lowered Cementos Pacasmayo from a “hold” rating to a “sell” rating in a report on Wednesday, July 17th. Two investment analysts have rated the stock with a sell rating and three have given a buy rating to the company. Cementos Pacasmayo has an average rating of “Hold” and a consensus price target of $13.00.
The stock has a market capitalization of $708.71 million, a price-to-earnings ratio of 19.44 and a beta of 0.82. The firm has a fifty day moving average of $8.59 and a 200 day moving average of $9.10. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.94 and a quick ratio of 0.94.
Cementos Pacasmayo (NYSE:CPAC) last posted its earnings results on Wednesday, July 17th. The construction company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.09 by $0.03. The firm had revenue of $96.91 million for the quarter, compared to analyst estimates of $92.25 million. Cementos Pacasmayo had a return on equity of 7.79% and a net margin of 6.54%. Research analysts predict that Cementos Pacasmayo ADR will post 0.49 EPS for the current year.
A hedge fund recently bought a new stake in Cementos Pacasmayo stock. Aperio Group LLC acquired a new stake in Cementos Pacasmayo ADR (NYSE:CPAC) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,161 shares of the construction company’s stock, valued at approximately $28,000. 3.98% of the stock is owned by institutional investors.
About Cementos Pacasmayo (NYSE:CPAC)
Cementos Pacasmayo SAA., a cement company, produces, distributes, and sells cement and cement-related materials in the northern region of Peru. The company operates in three segments: Cement, Concrete and Blocks; Quicklime; and Sales of Construction Supplies. It produces cement for various uses, such as residential and commercial construction, and civil engineering; ready-mix concrete used in large construction sites; concrete blocks, such as paving units or paver stones for pedestrian walkways, as well as other bricks for partition walls and concrete blocks for structural and non-structural uses; and cement based products, including assembly gravity walls, beams and vaults, precast beams, sheet piles, seawalls, and piles, as well as bathroom and housing units.
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