Cementos Pacasmayo S.A.A. (NYSE:CPAC) Shares Gap Down - Here's Why

Cementos Pacasmayo S.A.A. (NYSE:CPAC - Get Free Report)'s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $5.90, but opened at $5.72. Cementos Pacasmayo S.A.A. shares last traded at $5.78, with a volume of 4,343 shares traded.

Cementos Pacasmayo S.A.A. Price Performance

The stock has a market cap of $490.39 million, a P/E ratio of 9.81 and a beta of 0.63. The firm has a 50-day moving average price of $5.67 and a 200-day moving average price of $5.77. 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 announced its earnings results on Thursday, February 13th. The construction company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $140.30 million during the quarter, compared to the consensus estimate of $141.04 million. On average, analysts forecast that Cementos Pacasmayo S.A.A. will post 0.72 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets increased its position in Cementos Pacasmayo S.A.A. by 7.4% during 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 in the last quarter. Citadel Advisors LLC purchased a new stake in Cementos Pacasmayo S.A.A. during the 4th quarter valued at $68,000. Finally, Woodward Diversified Capital LLC purchased a new stake in Cementos Pacasmayo S.A.A. during the 4th quarter valued at $58,000.

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.