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

Key Points

• Cementos Pacasmayo S.A.A. shares gapped down, opening at $5.90 after closing at $6.38, with recent trading at $6.13.
• Analysts at Scotiabank raised their target price from $6.00 to $6.40, maintaining a "sector perform" rating on the stock.
• The company reported a quarterly earnings per share (EPS) of $0.15, exceeding expectations and showing a net margin of 10.51%.

Shares of Cementos Pacasmayo S.A.A. (NYSE:CPAC - Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $6.38, but opened at $5.90. Cementos Pacasmayo S.A.A. shares last traded at $6.13, with a volume of 3,036 shares traded.

Analyst Upgrades and Downgrades

Separately, Scotiabank raised their target price 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 report on Wednesday, June 4th.

Cementos Pacasmayo S.A.A. Stock Performance

The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.40 and a current ratio of 1.34. The firm has a market cap of $541.26 million, a P/E ratio of 10.30 and a beta of 0.68. The firm's fifty day moving average price is $5.96 and its 200 day moving average price is $5.77.

Cementos Pacasmayo S.A.A. (NYSE:CPAC - Get Free Report) last posted its quarterly 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 business had revenue of $135.89 million during 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 in the previous year, the business posted $0.09 EPS. Sell-side analysts expect that Cementos Pacasmayo S.A.A. will post 0.62 EPS for the current fiscal year.

Institutional Inflows and Outflows

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

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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