Cementos Pacasmayo S.A.A. (NYSE:CPAC) Shares Pass Above 200 Day Moving Average – Here’s Why

Cementos Pacasmayo S.A.A. (NYSE:CPAC) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $5.73 and traded as high as $6.16. Cementos Pacasmayo S.A.A. shares last traded at $6.14, with a volume of 3,569 shares trading hands.

Wall Street Analyst Weigh In

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

Cementos Pacasmayo S.A.A. Stock Performance

The firm has a market cap of $520.49 million, a PE ratio of 10.41 and a beta of 0.68. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.33 and a quick ratio of 0.34. The company has a 50 day simple moving average of $5.90 and a 200-day simple moving average of $5.73.

Cementos Pacasmayo S.A.A. (NYSE:CPAC) last issued its quarterly earnings results on Monday, April 28th. The construction company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.02. The firm had revenue of $134.84 million during the quarter, compared to the consensus estimate of $498.00 million. Cementos Pacasmayo S.A.A. had a return on equity of 15.87% and a net margin of 10.10%. As a group, equities research analysts anticipate that Cementos Pacasmayo S.A.A. will post 0.62 EPS for the current year.

Hedge Funds Weigh In On Cementos Pacasmayo S.A.A.

A hedge fund recently raised its stake in Cementos Pacasmayo S.A.A. stock. BNP Paribas Financial Markets boosted its stake in Cementos Pacasmayo S.A.A. (NYSE:CPAC) by 7.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 29,110 shares of the construction company’s stock after acquiring 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 SEC filing.

About Cementos Pacasmayo S.A.A.

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.