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Cementos Pacasmayo S.A.A. (NYSE:CPAC) Stock Passes Above Two Hundred 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)'s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $5.70 and traded as high as $5.83. Cementos Pacasmayo S.A.A. shares last traded at $5.80, with a volume of 1,335 shares changing hands.

Cementos Pacasmayo S.A.A. Stock Performance

The firm has a fifty day moving average of $5.57 and a 200-day moving average of $5.69. The company has a quick ratio of 0.47, a current ratio of 1.30 and a debt-to-equity ratio of 0.85. The firm has a market cap of $500.59 million, a P/E ratio of 10.01 and a beta of 0.70.

Cementos Pacasmayo S.A.A. (NYSE:CPAC - Get Free Report) last released its 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. Cementos Pacasmayo S.A.A. had a return on equity of 15.70% and a net margin of 10.05%. The firm had revenue of $134.84 million for the quarter, compared to analyst estimates of $498.00 million. Research analysts predict that Cementos Pacasmayo S.A.A. will post 0.62 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Cementos Pacasmayo S.A.A.

Hedge funds have recently modified their holdings of the business. BNP Paribas Financial Markets grew its stake in Cementos Pacasmayo S.A.A. by 7.4% in the fourth quarter. BNP Paribas Financial Markets now owns 29,110 shares of the construction company's stock valued at $152,000 after purchasing an additional 2,000 shares in the last quarter. Citadel Advisors LLC bought a new position in shares of Cementos Pacasmayo S.A.A. during the 4th quarter worth approximately $68,000. Finally, Woodward Diversified Capital LLC bought a new position in shares of Cementos Pacasmayo S.A.A. during the 4th quarter worth approximately $58,000.

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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