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

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 before the market opened 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 changing hands.

Analyst Upgrades and Downgrades

Separately, Scotiabank upped their price objective on 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.

Cementos Pacasmayo S.A.A. Price Performance

The company has a fifty day moving average price of $6.00 and a two-hundred day moving average price of $5.78. The company has a current ratio of 1.34, a quick ratio of 0.40 and a debt-to-equity ratio of 0.73. The company has a market cap of $531.93 million, a price-to-earnings ratio of 10.12 and a beta of 0.68.

Cementos Pacasmayo S.A.A. (NYSE:CPAC - Get Free Report) last posted its quarterly earnings data on Monday, July 21st. The construction company reported $0.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.10 by $0.05. The business had revenue of $135.89 million during the quarter, compared to the consensus estimate 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 last year, the company earned $0.09 earnings per share. As a group, equities research analysts anticipate 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 bought a new stake in Cementos Pacasmayo S.A.A. (NYSE:CPAC - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 12,940 shares of the construction company's stock, valued at approximately $68,000.

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.