Cementos Pacasmayo S.A.A. (NYSE:CPAC) Shares Cross Above 200 Day Moving Average – Time to Sell?

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 $11.19 and traded as high as $12.60. Cementos Pacasmayo S.A.A. shares last traded at $12.54, with a volume of 19,649 shares changing hands.

Analysts Set New Price Targets

CPAC has been the subject of several recent analyst reports. Scotiabank boosted their price objective on Cementos Pacasmayo S.A.A. from $12.80 to $13.00 and gave the stock a “sector perform” rating in a report on Tuesday, July 21st. Wall Street Zen upgraded Cementos Pacasmayo S.A.A. to a “buy” rating in a report on Saturday, August 1st. Finally, Weiss Ratings upgraded shares of Cementos Pacasmayo S.A.A. from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, July 9th. Four investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Cementos Pacasmayo S.A.A. has a consensus rating of “Hold” and an average target price of $13.00.

Cementos Pacasmayo S.A.A. Price Performance

The company has a quick ratio of 0.50, a current ratio of 1.22 and a debt-to-equity ratio of 0.59. The business’s 50-day simple moving average is $12.02 and its 200-day simple moving average is $11.19. The stock has a market cap of $1.06 billion, a PE ratio of 17.42 and a beta of 0.76.

Cementos Pacasmayo S.A.A. (NYSE:CPAC) last posted its earnings results on Tuesday, July 21st. The construction company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.14. Cementos Pacasmayo S.A.A. had a return on equity of 16.49% and a net margin of 9.42%.The company had revenue of $163.77 million for the quarter, compared to analysts’ expectations of $156.89 million. On average, research analysts expect that Cementos Pacasmayo S.A.A. will post 0.91 EPS for the current fiscal year.

Institutional Investors Weigh In On Cementos Pacasmayo S.A.A.

A number of large investors have recently made changes to their positions in CPAC. BNP Paribas Financial Markets increased its stake in shares of Cementos Pacasmayo S.A.A. by 6.7% during the second quarter. BNP Paribas Financial Markets now owns 30,110 shares of the construction company’s stock valued at $179,000 after buying an additional 1,900 shares during the period. LPL Financial LLC purchased a new stake in Cementos Pacasmayo S.A.A. in the fourth quarter worth $155,000. Dimensional Fund Advisors LP lifted its stake in 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 worth $958,000 after acquiring an additional 6,054 shares during the period. Millennium Management LLC bought a new stake in Cementos Pacasmayo S.A.A. in the fourth quarter valued at $167,000. Finally, Virtu Financial LLC bought a new stake in Cementos Pacasmayo S.A.A. in the fourth quarter valued at $129,000.

About Cementos Pacasmayo S.A.A.

Cementos Pacasmayo SAA. is a Peru-based company engaged in the production, distribution and sale of cement and related construction materials. Its product portfolio includes cement, ready-mix concrete, mortar, concrete products, aggregates and quicklime, serving residential, commercial, industrial and infrastructure construction markets.

Founded in 1949, the company primarily serves northern and northeastern Peru through an integrated network of manufacturing plants, distribution facilities and sales channels.