Cementos Pacasmayo S.A.A. (NYSE:CPAC) Stock Passes Above Two Hundred 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 stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred 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 changing hands.

Analysts Set New Price Targets

Separately, Scotiabank increased their target price 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 quick ratio of 0.40, a current ratio of 1.34 and a debt-to-equity ratio of 0.73. The company has a market cap of $535.32 million, a PE ratio of 10.07 and a beta of 0.69. The firm has a 50 day simple moving average of $6.08 and a 200-day simple moving average of $5.82.

Cementos Pacasmayo S.A.A. (NYSE:CPAC - Get Free Report) last announced its quarterly earnings data on Monday, July 21st. The construction company reported $0.15 earnings per share for the quarter, beating analysts' consensus estimates of $0.10 by $0.05. Cementos Pacasmayo S.A.A. had a return on equity of 16.60% and a net margin of 10.51%. The business had revenue of $135.89 million for the quarter, compared to analyst estimates of $132.73 million. During the same period in the prior year, the company earned $0.09 earnings per share. As a group, research analysts predict that Cementos Pacasmayo S.A.A. will post 0.62 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

An institutional investor recently raised its position 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 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,110 shares of the construction company's stock after buying an additional 2,000 shares during the quarter. BNP Paribas Financial Markets' holdings in Cementos Pacasmayo S.A.A. were worth $152,000 as of its most recent SEC filing.

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.