Cementos Pacasmayo S.A.A. (NYSE:CPAC) Share Price Passes Above 200-Day Moving Average - Should You Sell?

Key Points

• Cementos Pacasmayo S.A.A. shares have recently crossed above their 200-day moving average, trading at $6.28 after reaching a high of $6.35.
• Scotiabank raised its price target for the stock from $6.00 to $6.40 and maintained a "sector perform" rating.
• The company reported earnings of $0.15 per share, exceeding expectations, with a net margin of 10.51% and revenue of $135.89 million for the last quarter.

Shares of Cementos Pacasmayo S.A.A. (NYSE:CPAC - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $5.78 and traded as high as $6.35. Cementos Pacasmayo S.A.A. shares last traded at $6.28, with a volume of 1,533 shares changing hands.

Wall Street Analyst Weigh In

Separately, Scotiabank raised their target price on 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.

Cementos Pacasmayo S.A.A. Stock Performance

The firm has a market capitalization of $535.35 million, a P/E ratio of 10.19 and a beta of 0.69. 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 company has a 50-day moving average of $6.02 and a 200-day moving average of $5.79.

Cementos Pacasmayo S.A.A. (NYSE:CPAC - Get Free Report) last posted its quarterly earnings data on Monday, July 21st. The construction company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.05. Cementos Pacasmayo S.A.A. had a return on equity of 16.60% and a net margin of 10.51%. The firm had revenue of $135.89 million during the quarter, compared to analyst estimates of $132.73 million. During the same period last year, the company posted $0.09 EPS. On average, equities analysts anticipate that Cementos Pacasmayo S.A.A. will post 0.62 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Cementos Pacasmayo S.A.A. stock. Citadel Advisors LLC purchased a new stake in shares of Cementos Pacasmayo S.A.A. (NYSE:CPAC - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund purchased 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.