Cementos Pacasmayo S.A.A. (NYSE:CPAC) Stock Passes Above 200 Day Moving Average – Should You Sell?

Cementos Pacasmayo S.A.A. (NYSE:CPACGet Free Report)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $10.69 and traded as high as $11.92. Cementos Pacasmayo S.A.A. shares last traded at $11.9050, with a volume of 2,272 shares.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on CPAC shares. Wall Street Zen downgraded shares of Cementos Pacasmayo S.A.A. from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. Weiss Ratings downgraded shares of Cementos Pacasmayo S.A.A. from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, June 23rd. Finally, Zacks Research upgraded shares of Cementos Pacasmayo S.A.A. from a “strong sell” rating to a “hold” rating in a research note on Monday, May 4th. Four equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $12.90.

Get Our Latest Stock Report on CPAC

Cementos Pacasmayo S.A.A. Price Performance

The firm has a 50 day moving average price of $10.96 and a 200 day moving average price of $10.69. The company has a quick ratio of 0.36, a current ratio of 1.17 and a debt-to-equity ratio of 0.66. The stock has a market cap of $1.01 billion, a P/E ratio of 19.52 and a beta of 0.73.

Cementos Pacasmayo S.A.A. (NYSE:CPACGet Free Report) last announced its quarterly earnings data on Friday, April 24th. The construction company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.17. The company had revenue of $158.94 million during the quarter, compared to the consensus estimate of $146.76 million. Cementos Pacasmayo S.A.A. had a return on equity of 14.30% and a net margin of 8.37%. On average, analysts forecast that Cementos Pacasmayo S.A.A. will post 0.91 EPS for the current fiscal year.

Institutional Trading of Cementos Pacasmayo S.A.A.

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Virtu Financial LLC bought a new stake in shares of Cementos Pacasmayo S.A.A. during the 4th quarter valued at $129,000. LPL Financial LLC bought a new position in Cementos Pacasmayo S.A.A. in the 4th quarter worth $155,000. Millennium Management LLC purchased a new position in Cementos Pacasmayo S.A.A. in the 4th quarter worth approximately $167,000. BNP Paribas Financial Markets boosted its stake 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 purchasing an additional 1,900 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in Cementos Pacasmayo S.A.A. by 7.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 91,754 shares of the construction company’s stock worth $958,000 after purchasing an additional 6,054 shares during the period.

Cementos Pacasmayo S.A.A. Company Profile

(Get Free Report)

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.

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