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Cementos Pacasmayo S.A.A. (NYSE:CPAC) Shares Gap Down - Here's Why

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

Cementos Pacasmayo S.A.A. (NYSE:CPAC - Get Free Report)'s share price gapped down prior to trading on Thursday . The stock had previously closed at $6.15, but opened at $5.98. Cementos Pacasmayo S.A.A. shares last traded at $6.20, with a volume of 6,677 shares.

Analyst Upgrades and Downgrades

Separately, Scotiabank boosted their price objective on shares of Cementos Pacasmayo S.A.A. from $6.00 to $6.40 and gave the stock a "sector perform" rating in a research note on Wednesday, June 4th.

Check Out Our Latest Report on Cementos Pacasmayo S.A.A.

Cementos Pacasmayo S.A.A. Price Performance

The stock's 50-day moving average is $5.79 and its 200-day moving average is $5.69. The firm has a market cap of $521.34 million, a P/E ratio of 10.42 and a beta of 0.68. The company has a quick ratio of 0.34, a current ratio of 1.33 and a debt-to-equity ratio of 0.79.

Cementos Pacasmayo S.A.A. (NYSE:CPAC - Get Free Report) last announced its earnings results on Monday, April 28th. The construction company reported $0.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.14 by $0.02. Cementos Pacasmayo S.A.A. had a net margin of 10.10% and a return on equity of 15.87%. The business had revenue of $134.84 million for the quarter, compared to analyst estimates of $498.00 million. As a group, equities analysts anticipate that Cementos Pacasmayo S.A.A. will post 0.62 EPS for the current fiscal year.

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

An institutional investor recently bought a new position in Cementos Pacasmayo S.A.A. stock. Citadel Advisors LLC purchased a new stake in Cementos Pacasmayo S.A.A. (NYSE:CPAC - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 12,940 shares of the construction company's stock, valued at approximately $68,000.

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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