Cementos Pacasmayo S.A.A. (NYSE:CPAC) Share Price Passes Above 200 Day Moving Average - Time to Sell?

Key Points

• Cementos Pacasmayo S.A.A. shares have recently surpassed their 200-day moving average of $5.81, trading at a high of $6.25.
• Scotiabank has upgraded the stock's target price from $6.00 to $6.40, assigning it a "sector perform" rating.
• The company reported earnings of $0.15 per share for the last quarter, exceeding the consensus estimate of $0.10.

Cementos Pacasmayo S.A.A. (NYSE:CPAC - Get Free Report)'s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $5.81 and traded as high as $6.25. Cementos Pacasmayo S.A.A. shares last traded at $6.24, with a volume of 3,694 shares.

Wall Street Analysts Forecast Growth

Separately, Scotiabank boosted their price target 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. Trading Down 1.7%

The company has a fifty day simple moving average of $6.09 and a 200-day simple moving average of $5.82. 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 stock has a market cap of $527.27 million, a price-to-earnings ratio of 10.03 and a beta of 0.69.

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 the consensus estimate of $0.10 by $0.05. The firm had revenue of $135.89 million for 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 quarter in the previous year, the company earned $0.09 EPS. On average, research analysts forecast that Cementos Pacasmayo S.A.A. will post 0.62 earnings per share 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) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 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.