Cementos Pacasmayo S.A.A. (NYSE:CPAC) Sees Large Volume Increase Following Strong Earnings

Cementos Pacasmayo S.A.A. (NYSE:CPAC) shares saw unusually-strong trading volume on Tuesday following a stronger than expected earnings report. Approximately 34,719 shares were traded during trading, an increase of 397% from the previous session’s volume of 6,990 shares.The stock last traded at $6.01 and had previously closed at $5.94.

The construction company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.01. Cementos Pacasmayo S.A.A. had a return on equity of 16.20% and a net margin of 8.58%. The business had revenue of $137.76 million for the quarter, compared to analysts’ expectations of $140.30 million.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. lowered Cementos Pacasmayo S.A.A. from a “neutral” rating to an “underweight” rating and set a $6.00 target price for the company. in a research report on Wednesday, August 21st.

Cementos Pacasmayo S.A.A. Stock Down 1.3 %

The stock has a market capitalization of $521.34 million, a price-to-earnings ratio of 10.60 and a beta of 0.64. The firm’s fifty day simple moving average is $5.74 and its 200 day simple moving average is $5.61. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.39 and a current ratio of 1.54.

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.