Cementos Pacasmayo S.A.A. (NYSE:CPAC) Stock Short Interest Report for September

Cementos Pacasmayo S.A.A. (NYSE:CPAC) was the recipient of a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 7,832 shares, a drop of 64.4% from the September 15th total of 22,030 shares. Based on an average daily volume of 81,506 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are short sold.

Cementos Pacasmayo S.A.A. Stock Up 0.1%

Shares of NYSE:CPAC traded up $0.01 during trading on Wednesday, hitting $12.28. 3,300 shares of the company were exchanged, compared to its average volume of 51,763. Cementos Pacasmayo S.A.A. has a 12-month low of $6.25 and a 12-month high of $12.74. The stock has a market capitalization of $1.04 billion, a P/E ratio of 17.04 and a beta of 0.76. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.22 and a quick ratio of 0.50. The firm’s 50 day moving average price is $12.24 and its 200-day moving average price is $11.51.

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

Institutional Inflows and Outflows

An institutional investor recently raised its position in Cementos Pacasmayo S.A.A. stock. Dimensional Fund Advisors LP lifted its holdings in shares of Cementos Pacasmayo S.A.A. (NYSE:CPAC) by 13.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 104,077 shares of the construction company’s stock after acquiring an additional 12,323 shares during the period. Dimensional Fund Advisors LP owned 0.12% of Cementos Pacasmayo S.A.A. worth $1,036,000 at the end of the most recent reporting period.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Weiss Ratings restated a “hold (c+)” rating on shares of Cementos Pacasmayo S.A.A. in a research report on Tuesday, October 6th. 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. Finally, Wall Street Zen raised Cementos Pacasmayo S.A.A. to a “buy” rating in a research note on Saturday, August 1st. Four analysts have rated the stock with a Hold rating. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $13.00.

Cementos Pacasmayo S.A.A. Company Profile

Cementos Pacasmayo SAA. is a Peru-based company engaged in the production, distribution and sale of cement and related construction materials. Its portfolio includes cement, ready-mix concrete, precast concrete products, aggregates and lime, as well as construction solutions and other materials used in residential, commercial and infrastructure projects.

Founded in 1949, the company has developed an integrated operating platform serving northern and northeastern Peru. Its operations include cement manufacturing facilities in the northern region and through its Cementos Selva business in the Amazonian region, supported by distribution and commercial networks that serve construction markets across these geographies.

Cementos Pacasmayo markets its products under brands including Pacasmayo, DINO and Cementos Selva.