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Cementos Pacasmayo S.A.A. (NYSE:CPAC) Stock Passes Above Two Hundred Day Moving Average - What's Next?

Cementos Pacasmayo S.A.A. logo with Construction background

Shares of Cementos Pacasmayo S.A.A. (NYSE:CPAC - Get Free Report) crossed 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. Trading Up 0.4%

The company has a market capitalization of $488.72 million, a price-to-earnings ratio of 9.77 and a beta of 0.70. The firm has a 50-day moving average price of $5.57 and a 200-day moving average price of $5.70. The company has a current ratio of 1.30, a quick ratio of 0.47 and a debt-to-equity ratio of 0.85.

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

Hedge Funds Weigh In On Cementos Pacasmayo S.A.A.

A number of hedge funds have recently modified their holdings of the stock. Citadel Advisors LLC acquired a new stake in shares of Cementos Pacasmayo S.A.A. in the fourth quarter worth $68,000. Woodward Diversified Capital LLC acquired a new stake in shares of Cementos Pacasmayo S.A.A. in the fourth quarter worth $58,000. Finally, BNP Paribas Financial Markets boosted its position 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 worth $152,000 after buying an additional 2,000 shares during the period.

Cementos Pacasmayo S.A.A. Company Profile

(Get Free Report)

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.

Further Reading

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