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

Key Points

• Cementos Pacasmayo S.A.A. experienced a 60% increase in trading volume, with approximately 8,382 shares changing hands, and the stock price rose to $7.17.
• Scotiabank raised its target price for the stock from $6.00 to $6.40 and assigned it a "sector perform" rating, reflecting a consensus rating of "Hold" among analysts.
• The company reported $0.15 EPS for the recent quarter, exceeding analyst expectations, with revenues of $135.89 million outperforming estimates of $132.73 million.

Cementos Pacasmayo S.A.A. (NYSE:CPAC - Get Free Report) saw unusually-strong trading volume on Thursday . Approximately 8,382 shares traded hands during mid-day trading, an increase of 60% from the previous session's volume of 5,240 shares.The stock last traded at $7.17 and had previously closed at $6.95.

Analyst Ratings Changes

Separately, Scotiabank increased their target price on Cementos Pacasmayo S.A.A. from $6.00 to $6.40 and gave the company a "sector perform" rating in a report on Wednesday, June 4th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Cementos Pacasmayo S.A.A. has an average rating of "Hold" and a consensus target price of $6.40.

Cementos Pacasmayo S.A.A. Trading Down 1.9%

The firm has a market capitalization of $597.63 million, a PE ratio of 11.37 and a beta of 0.76. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.34 and a quick ratio of 0.40. The company has a fifty day moving average of $6.43 and a 200-day moving average of $5.97.

Cementos Pacasmayo S.A.A. (NYSE:CPAC - Get Free Report) last issued its earnings results on Monday, July 21st. The construction company reported $0.15 earnings per share for the quarter, topping 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 return on equity of 16.60% and a net margin of 10.51%.During the same period in the prior year, the firm posted $0.09 EPS. On average, sell-side analysts anticipate that Cementos Pacasmayo S.A.A. will post 0.62 earnings per share for the current fiscal year.

Institutional Trading of Cementos Pacasmayo S.A.A.

A hedge fund recently raised its stake in Cementos Pacasmayo S.A.A. stock. BNP Paribas Financial Markets lifted its stake in shares of Cementos Pacasmayo S.A.A. (NYSE:CPAC - Free Report) by 6.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 30,110 shares of the construction company's stock after acquiring an additional 1,900 shares during the quarter. BNP Paribas Financial Markets' holdings in Cementos Pacasmayo S.A.A. were worth $179,000 as of its most recent filing with the SEC.

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.