Cementos Pacasmayo S.A.A. (NYSE:CPAC) Shares Pass Above 200-Day Moving Average - Here's What Happened

Cementos Pacasmayo S.A.A. (NYSE:CPAC - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $5.78 and traded as high as $5.90. Cementos Pacasmayo S.A.A. shares last traded at $5.76, with a volume of 8,359 shares trading hands.

Cementos Pacasmayo S.A.A. Price Performance

The firm has a market cap of $492.03 million, a PE ratio of 9.84 and a beta of 0.63. The firm has a fifty day simple moving average of $5.67 and a two-hundred day simple moving average of $5.79. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.47 and a current ratio of 1.30.

Cementos Pacasmayo S.A.A. (NYSE:CPAC - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The construction company reported $0.15 EPS for the quarter, missing analysts' consensus estimates of $0.18 by ($0.03). Cementos Pacasmayo S.A.A. had a return on equity of 15.70% and a net margin of 10.05%. The business had revenue of $140.30 million during the quarter, compared to analysts' expectations of $141.04 million. Equities analysts predict that Cementos Pacasmayo S.A.A. will post 0.62 EPS for the current fiscal year.

Institutional Investors Weigh In On Cementos Pacasmayo S.A.A.

Institutional investors and hedge funds have recently modified their holdings of the business. BNP Paribas Financial Markets boosted its position in Cementos Pacasmayo S.A.A. by 7.4% in the 4th quarter. BNP Paribas Financial Markets now owns 29,110 shares of the construction company's stock valued at $152,000 after buying an additional 2,000 shares during the period. Woodward Diversified Capital LLC purchased a new position in Cementos Pacasmayo S.A.A. during the 4th quarter valued at about $58,000. Finally, Citadel Advisors LLC bought a new position in shares of Cementos Pacasmayo S.A.A. during the fourth quarter valued at approximately $68,000.

Remove Ads

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.