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Cementos Pacasmayo S.A.A. (NYSE:CPAC) Stock Price Passes Above 200 Day Moving Average - What's Next?

Cementos Pacasmayo S.A.A. logo with Construction background

Cementos Pacasmayo S.A.A. (NYSE:CPAC - Get Free Report) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $5.74 and traded as high as $5.75. Cementos Pacasmayo S.A.A. shares last traded at $5.70, with a volume of 1,905 shares trading hands.

Cementos Pacasmayo S.A.A. Price Performance

The stock has a fifty day simple moving average of $5.58 and a 200-day simple moving average of $5.73. The company has a market capitalization of $477.28 million, a PE ratio of 9.54 and a beta of 0.70. The company has a current ratio of 1.30, a quick ratio of 0.47 and a debt-to-equity ratio of 0.85.

Cementos Pacasmayo S.A.A. (NYSE:CPAC - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The construction company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.02. The firm had revenue of $134.84 million during the quarter, compared to analysts' expectations of $498.00 million. Cementos Pacasmayo S.A.A. had a return on equity of 15.70% and a net margin of 10.05%. Equities analysts anticipate that Cementos Pacasmayo S.A.A. will post 0.62 earnings per share for the current year.

Hedge Funds Weigh In On Cementos Pacasmayo S.A.A.

Several large investors have recently made changes to their positions in CPAC. BNP Paribas Financial Markets boosted its holdings in shares of Cementos Pacasmayo S.A.A. by 7.4% during the 4th quarter. BNP Paribas Financial Markets now owns 29,110 shares of the construction company's stock worth $152,000 after buying an additional 2,000 shares during the period. Woodward Diversified Capital LLC acquired a new stake in shares of Cementos Pacasmayo S.A.A. during the fourth quarter valued at about $58,000. Finally, Citadel Advisors LLC acquired a new position in shares of Cementos Pacasmayo S.A.A. in the fourth quarter worth approximately $68,000.

About Cementos Pacasmayo S.A.A.

(Get Free Report)

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.

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