Cementos Pacasmayo S.A.A. (NYSE:CPAC) Sees Strong Trading Volume - Here's What Happened

Key Points

• Cementos Pacasmayo S.A.A. experienced a trading volume surge of 134% on Tuesday, with 14,097 shares traded, up from 6,024 shares in the previous session, and the stock priced at $7.33.
• Analysts currently rate the stock as a "Hold", with an average target price of $6.40 and a recent EPS report showing $0.15, beating expectations.
• BNP Paribas Financial Markets recently increased its position in Cementos Pacasmayo S.A.A. by 6.7%, now holding over 30,000 shares worth approximately $179,000.

Cementos Pacasmayo S.A.A. (NYSE:CPAC - Get Free Report) saw strong trading volume on Tuesday . 14,097 shares were traded during trading, an increase of 134% from the previous session's volume of 6,024 shares.The stock last traded at $7.33 and had previously closed at $7.25.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a "hold (c)" rating on shares of Cementos Pacasmayo S.A.A. in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $6.40.

Cementos Pacasmayo S.A.A. Stock Performance

The company has a current ratio of 1.34, a quick ratio of 0.40 and a debt-to-equity ratio of 0.73. The company's fifty day moving average is $6.79 and its 200 day moving average is $6.17. The company has a market cap of $618.34 million, a P/E ratio of 11.76 and a beta of 0.77.

Cementos Pacasmayo S.A.A. (NYSE:CPAC - Get Free Report) last released its earnings results on Monday, July 21st. The construction company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.10 by $0.05. The company had revenue of $135.89 million for the quarter, compared to analyst estimates of $132.73 million. Cementos Pacasmayo S.A.A. had a net margin of 10.51% and a return on equity of 16.60%. During the same quarter last year, the firm earned $0.09 EPS. As a group, equities analysts predict that Cementos Pacasmayo S.A.A. will post 0.62 earnings per share for the current fiscal year.

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

An institutional investor recently raised its position in Cementos Pacasmayo S.A.A. stock. BNP Paribas Financial Markets boosted its position in Cementos Pacasmayo S.A.A. (NYSE:CPAC - Free Report) by 6.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 30,110 shares of the construction company's stock after acquiring an additional 1,900 shares during the period. BNP Paribas Financial Markets' holdings in Cementos Pacasmayo S.A.A. were worth $179,000 at the end of the most recent reporting period.

Cementos Pacasmayo S.A.A. Company Profile

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.

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