Cementos Pacasmayo S.A.A. (NYSE:CPAC) Shares Pass Above 200 Day Moving Average - Should You 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 passed 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.

Wall Street Analysts Forecast Growth

Separately, Scotiabank lifted their price objective on Cementos Pacasmayo S.A.A. from $6.00 to $6.40 and gave the stock a "sector perform" rating in a report on Wednesday, June 4th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $6.40.

Cementos Pacasmayo S.A.A. Stock Up 1.6%

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 firm has a market cap of $563.32 million, a PE ratio of 10.72 and a beta of 0.76. The stock has a fifty day simple moving average of $6.30 and a two-hundred day simple moving average of $5.90.

Cementos Pacasmayo S.A.A. (NYSE:CPAC - Get Free Report) last posted its earnings results 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. 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 quarter in the previous year, the firm earned $0.09 EPS. As a group, sell-side analysts expect that Cementos Pacasmayo S.A.A. will post 0.62 EPS for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Cementos Pacasmayo S.A.A. stock. Citadel Advisors LLC acquired a new position in Cementos Pacasmayo S.A.A. (NYSE:CPAC - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 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.