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

Key Points

• Cementos Pacasmayo S.A.A. shares have crossed above their 200-day moving average, indicating potential upward momentum, with the stock currently trading at $6.74.
• Scotiabank has increased its price target for the company from $6.00 to $6.40 and maintained a "sector perform" rating, while the consensus rating remains a "Hold."
• The company's recent quarterly earnings exceeded expectations, reporting $0.15 EPS against a consensus estimate of $0.10, driven by revenues of $135.89 million.

Cementos Pacasmayo S.A.A. (NYSE:CPAC - Get Free Report) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $5.89 and traded as high as $6.79. Cementos Pacasmayo S.A.A. shares last traded at $6.74, with a volume of 3,520 shares changing hands.

Wall Street Analyst Weigh In

Separately, Scotiabank boosted their price objective 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 analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Cementos Pacasmayo S.A.A. presently has a consensus rating of "Hold" and a consensus price target of $6.40.

Cementos Pacasmayo S.A.A. Stock Performance

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 firm's 50 day moving average is $6.26 and its 200-day moving average is $5.89. The company has a market cap of $570.93 million, a PE ratio of 10.86 and a beta of 0.76.

Cementos Pacasmayo S.A.A. (NYSE:CPAC - Get Free Report) last posted its quarterly earnings results on Monday, July 21st. The construction company reported $0.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.10 by $0.05. The business had revenue of $135.89 million during the quarter, compared to analyst estimates 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 period in the prior year, the business earned $0.09 earnings per share. On average, research analysts anticipate that Cementos Pacasmayo S.A.A. will post 0.62 earnings per share for the current fiscal year.

Institutional Trading of 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 stake in Cementos Pacasmayo S.A.A. (NYSE:CPAC - Free Report) by 6.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 30,110 shares of the construction company's stock after acquiring an additional 1,900 shares during the quarter. BNP Paribas Financial Markets' holdings in Cementos Pacasmayo S.A.A. were worth $179,000 at the end of the most recent reporting period.

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.

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