Cementos Pacasmayo S.A.A. (NYSE:CPAC) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

Shares of Cementos Pacasmayo S.A.A. (NYSE:CPACGet Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $10.81 and traded as high as $11.72. Cementos Pacasmayo S.A.A. shares last traded at $11.5750, with a volume of 42,815 shares.

More Cementos Pacasmayo S.A.A. News

Here are the key news stories impacting Cementos Pacasmayo S.A.A. this week:

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CPAC. Scotiabank lifted their price target on shares of Cementos Pacasmayo S.A.A. from $12.80 to $13.00 and gave the company a “sector perform” rating in a report on Tuesday. Weiss Ratings upgraded shares of Cementos Pacasmayo S.A.A. from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, July 9th. Zacks Research upgraded shares of Cementos Pacasmayo S.A.A. from a “strong sell” rating to a “hold” rating in a research report on Monday, May 4th. Finally, Wall Street Zen downgraded shares of Cementos Pacasmayo S.A.A. from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. Four analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $13.00.

Read Our Latest Research Report on CPAC

Cementos Pacasmayo S.A.A. Stock Performance

The company has a fifty day moving average price of $11.21 and a two-hundred day moving average price of $10.82. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.17 and a quick ratio of 0.36. The company has a market capitalization of $999.06 million, a P/E ratio of 16.37 and a beta of 0.73.

Cementos Pacasmayo S.A.A. (NYSE:CPACGet Free Report) last issued its quarterly earnings data on Tuesday, July 21st. The construction company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.14. Cementos Pacasmayo S.A.A. had a net margin of 9.42% and a return on equity of 16.78%. The business had revenue of $163.77 million during the quarter, compared to analyst estimates of $156.89 million. Equities analysts forecast that Cementos Pacasmayo S.A.A. will post 0.91 earnings per share for the current fiscal year.

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

Several large investors have recently modified their holdings of the business. Millennium Management LLC bought a new stake in shares of Cementos Pacasmayo S.A.A. in the fourth quarter worth $167,000. LPL Financial LLC bought a new position in Cementos Pacasmayo S.A.A. during the 4th quarter worth $155,000. Virtu Financial LLC acquired a new position in Cementos Pacasmayo S.A.A. during the 4th quarter worth about $129,000. Dimensional Fund Advisors LP lifted its holdings in Cementos Pacasmayo S.A.A. by 13.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 104,077 shares of the construction company’s stock worth $1,036,000 after buying an additional 12,323 shares during the period. Finally, BNP Paribas Financial Markets grew its position in shares of Cementos Pacasmayo S.A.A. by 6.7% in the 2nd quarter. BNP Paribas Financial Markets now owns 30,110 shares of the construction company’s stock valued at $179,000 after buying an additional 1,900 shares during the last quarter.

About Cementos Pacasmayo S.A.A.

(Get Free Report)

Cementos Pacasmayo SAA. is a Peru?based cement and construction materials company engaged in the production, distribution and sale of cement and related products. The company’s core activities include manufacturing ordinary portland cement, hydrated lime and other industrial minerals. It serves the building and infrastructure sectors, offering tailored solutions for public works, residential and commercial construction projects.

Founded in 1949 in the coastal city of Pacasmayo, the company has grown into one of Peru’s leading cement producers.

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