Cementos Pacasmayo S.A.A. (NYSE:CPAC) Share Price Crosses Above 200 Day Moving Average - What's Next?

Cementos Pacasmayo S.A.A. (NYSE:CPAC - Get Free Report)'s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $5.72 and traded as high as $5.76. Cementos Pacasmayo S.A.A. shares last traded at $5.68, with a volume of 969 shares changing hands.

Cementos Pacasmayo S.A.A. Stock Down 1.1%

The business's 50 day moving average price is $5.57 and its 200-day moving average price is $5.72. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.30 and a quick ratio of 0.47. The company has a market cap of $481.09 million, a P/E ratio of 9.62 and a beta of 0.70.

Cementos Pacasmayo S.A.A. (NYSE:CPAC - Get Free Report) last posted its earnings results on Monday, April 28th. The construction company reported $0.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.14 by $0.02. Cementos Pacasmayo S.A.A. had a net margin of 10.05% and a return on equity of 15.70%. The company had revenue of $134.84 million during the quarter, compared to analysts' expectations of $498.00 million. On average, analysts anticipate that Cementos Pacasmayo S.A.A. will post 0.62 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. BNP Paribas Financial Markets raised its stake in shares of Cementos Pacasmayo S.A.A. by 7.4% in the fourth quarter. BNP Paribas Financial Markets now owns 29,110 shares of the construction company's stock valued at $152,000 after acquiring an additional 2,000 shares during the last quarter. Citadel Advisors LLC bought a new position in Cementos Pacasmayo S.A.A. in the 4th quarter worth approximately $68,000. Finally, Woodward Diversified Capital LLC bought a new position in Cementos Pacasmayo S.A.A. in the 4th quarter worth approximately $58,000.

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.

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