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

Cementos Pacasmayo S.A.A. (NYSE:CPAC - Get Free Report)'s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $5.70 and traded as high as $6.18. Cementos Pacasmayo S.A.A. shares last traded at $6.14, with a volume of 867 shares.

Analyst Upgrades and Downgrades

Separately, Scotiabank raised their target price on shares of 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.

Cementos Pacasmayo S.A.A. Trading Up 0.1%

The firm has a market cap of $525.94 million, a P/E ratio of 10.52 and a beta of 0.68. The firm's fifty day moving average is $5.84 and its two-hundred day moving average is $5.71. The company has a quick ratio of 0.34, a current ratio of 1.33 and a debt-to-equity ratio of 0.79.

Cementos Pacasmayo S.A.A. (NYSE:CPAC - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The construction company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.02. The business had revenue of $134.84 million for the quarter, compared to analysts' expectations of $498.00 million. Cementos Pacasmayo S.A.A. had a net margin of 10.10% and a return on equity of 15.87%. Analysts predict that Cementos Pacasmayo S.A.A. will post 0.62 earnings per share for the current fiscal year.

Hedge Funds 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 acquired a new stake in shares of Cementos Pacasmayo S.A.A. (NYSE:CPAC - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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.