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

Key Points

• Cementos Pacasmayo S.A.A. stock recently exceeded its 200-day moving average, indicating a potential upward trend, with its current share price at $7.07.
• Scotiabank has raised its target price for the stock from $6.00 to $6.40, maintaining a "sector perform" rating for the company.
• The company reported a quarterly earnings per share of $0.15, surpassing expectations, and achieved revenue of $135.89 million, exceeding analysts' predictions of $132.73 million.

Cementos Pacasmayo S.A.A. (NYSE:CPAC - Get Free Report)'s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $6.03 and traded as high as $7.20. Cementos Pacasmayo S.A.A. shares last traded at $7.07, with a volume of 11,993 shares trading hands.

Analyst Ratings Changes

Separately, Scotiabank lifted their target price 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 MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $6.40.

Cementos Pacasmayo S.A.A. Stock Performance

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 capitalization of $599.32 million, a price-to-earnings ratio of 11.40 and a beta of 0.76. The stock's 50 day moving average price is $6.55 and its two-hundred day moving average price is $6.03.

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 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 net margin of 10.51% and a return on equity of 16.60%. During the same period in the prior year, the company posted $0.09 EPS. On average, analysts forecast that Cementos Pacasmayo S.A.A. will post 0.62 EPS for the current year.

Institutional Trading of Cementos Pacasmayo S.A.A.

A hedge fund recently bought a new stake in Cementos Pacasmayo S.A.A. stock. Citadel Advisors LLC acquired a new position in shares of Cementos Pacasmayo S.A.A. (NYSE:CPAC - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 12,940 shares of the construction company's stock, valued at approximately $68,000.

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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