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 surpassed their two hundred day moving average, trading as high as $6.34 before closing at $6.25, indicating positive momentum in the stock's performance.
• Analysts from Scotiabank raised their price target for the company from $6.00 to $6.40, while assigning a "sector perform" rating.
• The company reported $0.15 earnings per share for the latest quarter, surpassing analyst expectations by $0.05 and reflecting a year-over-year increase from $0.09 EPS.

Cementos Pacasmayo S.A.A. (NYSE:CPAC - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $5.83 and traded as high as $6.34. Cementos Pacasmayo S.A.A. shares last traded at $6.25, with a volume of 4,303 shares traded.

Analysts Set New Price Targets

Separately, Scotiabank increased 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. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Cementos Pacasmayo S.A.A. presently has a consensus rating of "Hold" and an average target price of $6.40.

Cementos Pacasmayo S.A.A. Stock Performance

The firm has a market cap of $543.38 million, a price-to-earnings ratio of 10.34 and a beta of 0.69. 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 business has a fifty day moving average of $6.14 and a two-hundred day moving average of $5.84.

Cementos Pacasmayo S.A.A. (NYSE:CPAC - Get Free Report) last released its quarterly earnings results on Monday, July 21st. The construction company reported $0.15 earnings per share for the quarter, topping analysts' consensus estimates of $0.10 by $0.05. The business had revenue of $135.89 million for the quarter, compared to analysts' expectations 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 prior year, the firm posted $0.09 EPS. As a group, equities analysts expect 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 bought a new stake in Cementos Pacasmayo S.A.A. (NYSE:CPAC - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 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.