Cementos Pacasmayo S.A.A. (NYSE:CPAC) Shares Gap Down - Should You Sell?

Cementos Pacasmayo S.A.A. (NYSE:CPAC - Get Free Report)'s share price gapped down before the market opened on Tuesday . The stock had previously closed at $6.14, but opened at $5.93. Cementos Pacasmayo S.A.A. shares last traded at $6.07, with a volume of 700 shares traded.

Wall Street Analyst Weigh In

Separately, Scotiabank upped their price target on shares of Cementos Pacasmayo S.A.A. from $6.00 to $6.40 and gave the company a "sector perform" rating in a report on Wednesday, June 4th.

Cementos Pacasmayo S.A.A. Stock Performance

The company has a debt-to-equity ratio of 0.79, a current ratio of 1.33 and a quick ratio of 0.34. The firm has a market cap of $515.32 million, a price-to-earnings ratio of 10.30 and a beta of 0.68. The firm's 50 day moving average price is $5.90 and its 200-day moving average price is $5.73.

Cementos Pacasmayo S.A.A. (NYSE:CPAC - Get Free Report) last released its earnings results on Monday, April 28th. The construction company reported $0.16 earnings per share for the quarter, beating the consensus estimate 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 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 year.

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

A hedge fund recently raised its stake in Cementos Pacasmayo S.A.A. stock. BNP Paribas Financial Markets lifted its holdings in shares of Cementos Pacasmayo S.A.A. (NYSE:CPAC - Free Report) by 7.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 29,110 shares of the construction company's stock after acquiring an additional 2,000 shares during the period. BNP Paribas Financial Markets' holdings in Cementos Pacasmayo S.A.A. were worth $152,000 as of its most recent filing with the SEC.

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.