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 Thursday . The stock has a 200-day moving average of $5.73 and traded as high as $6.16. Cementos Pacasmayo S.A.A. shares last traded at $6.14, with a volume of 3,569 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Scotiabank lifted their price target 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.

Cementos Pacasmayo S.A.A. Price Performance

The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.34 and a current ratio of 1.33. The stock has a market cap of $520.49 million, a P/E ratio of 10.41 and a beta of 0.68. The firm has a 50-day moving average price of $5.90 and a 200-day moving average price of $5.73.

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

Institutional Trading of Cementos Pacasmayo S.A.A.

A hedge fund recently raised its stake in Cementos Pacasmayo S.A.A. stock. BNP Paribas Financial Markets lifted its position in shares of Cementos Pacasmayo S.A.A. (NYSE:CPAC - Free Report) by 7.4% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 29,110 shares of the construction company's stock after buying an additional 2,000 shares during the period. BNP Paribas Financial Markets' holdings in Cementos Pacasmayo S.A.A. were worth $152,000 as of its most recent SEC filing.

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.

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