Cementos Pacasmayo S.A.A. (NYSE:CPAC) Stock Price Crosses Above 200-Day Moving Average – Here’s What Happened

Cementos Pacasmayo S.A.A. (NYSE:CPAC)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $5.69 and traded as high as $6.00. Cementos Pacasmayo S.A.A. shares last traded at $5.95, with a volume of 639 shares.

Wall Street Analysts Forecast Growth

Separately, Scotiabank boosted their price objective on shares of 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 business has a fifty day moving average of $5.73 and a 200 day moving average of $5.69. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.33 and a quick ratio of 0.34. The stock has a market cap of $504.38 million, a PE ratio of 10.08 and a beta of 0.70.

Cementos Pacasmayo S.A.A. (NYSE:CPAC) last announced its earnings results on Monday, April 28th. The construction company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. Cementos Pacasmayo S.A.A. had a return on equity of 15.87% and a net margin of 10.10%. The company had revenue of $134.84 million for the quarter, compared to analyst estimates of $498.00 million. Sell-side analysts anticipate that Cementos Pacasmayo S.A.A. will post 0.62 earnings per share for the current 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 Cementos Pacasmayo S.A.A. (NYSE:CPAC) in the fourth quarter, according to 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.