Weiss Ratings Reaffirms Hold (C) Rating for Cementos Pacasmayo S.A.A. (NYSE:CPAC)

Key Points

• Weiss Ratings has reaffirmed a "hold (C)" rating for Cementos Pacasmayo S.A.A. (NYSE:CPAC) based on their latest report.
• The company's stock closed at $7.20, with a 12-month price range between $5.10 and $7.32, and a P/E ratio of 11.60.
• Cementos Pacasmayo reported earnings of $0.15 per share for the last quarter, exceeding the consensus estimate of $0.10 and showing a revenue of $135.89 million.

Cementos Pacasmayo S.A.A. (NYSE:CPAC - Get Free Report)'s stock had its "hold (c)" rating reissued by analysts at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

Cementos Pacasmayo S.A.A. Price Performance

NYSE:CPAC traded up $0.06 during trading hours on Wednesday, hitting $7.20. The company's stock had a trading volume of 4,847 shares, compared to its average volume of 7,435. The stock has a fifty day simple moving average of $6.65 and a 200-day simple moving average of $6.09. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.34 and a quick ratio of 0.40. Cementos Pacasmayo S.A.A. has a twelve month low of $5.10 and a twelve month high of $7.32. The company has a market capitalization of $609.92 million, a P/E ratio of 11.60 and a beta of 0.77.

Cementos Pacasmayo S.A.A. (NYSE:CPAC - Get Free Report) last released 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 business had revenue of $135.89 million during the quarter, compared to analysts' expectations of $132.73 million. During the same quarter last year, the business posted $0.09 EPS. On average, analysts anticipate that Cementos Pacasmayo S.A.A. will post 0.62 EPS for the current fiscal year.

Hedge Funds Weigh In On Cementos Pacasmayo S.A.A.

A hedge fund recently raised its stake in Cementos Pacasmayo S.A.A. stock. BNP Paribas Financial Markets increased its holdings in Cementos Pacasmayo S.A.A. (NYSE:CPAC - Free Report) by 6.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,110 shares of the construction company's stock after purchasing an additional 1,900 shares during the quarter. BNP Paribas Financial Markets' holdings in Cementos Pacasmayo S.A.A. were worth $179,000 at the end of the most recent quarter.

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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