Cementos Pacasmayo S.A.A. (NYSE:CPAC) Share Price Passes Above 200 Day Moving Average – Should You Sell?

Cementos Pacasmayo S.A.A. (NYSE:CPAC) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $9.85 and traded as high as $10.78. Cementos Pacasmayo S.A.A. shares last traded at $10.7390, with a volume of 7,809 shares.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Zacks Research upgraded Cementos Pacasmayo S.A.A. from a “strong sell” rating to a “hold” rating in a research note on Monday, May 4th. Wall Street Zen downgraded Cementos Pacasmayo S.A.A. from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 10th. JPMorgan Chase & Co. upgraded Cementos Pacasmayo S.A.A. from an “underweight” rating to a “neutral” rating and increased their target price for the stock from $7.50 to $13.00 in a research report on Wednesday, March 4th. Finally, Weiss Ratings upgraded Cementos Pacasmayo S.A.A. from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, May 13th. Four research analysts have rated the stock with a Hold rating, According to MarketBeat, Cementos Pacasmayo S.A.A. has a consensus rating of “Hold” and a consensus price target of $12.90.

Cementos Pacasmayo S.A.A. Stock Down 0.2%

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 50 day moving average of $10.53 and a 200-day moving average of $9.85. The company has a market capitalization of $910.35 million, a P/E ratio of 17.60 and a beta of 0.77.

Cementos Pacasmayo S.A.A. (NYSE:CPAC) last issued its quarterly earnings data on Friday, April 24th. The construction company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.11 by $0.17. Cementos Pacasmayo S.A.A. had a net margin of 8.37% and a return on equity of 14.30%. The business had revenue of $158.95 million during the quarter, compared to analyst estimates of $146.77 million. As a group, equities analysts anticipate that Cementos Pacasmayo S.A.A. will post 0.91 EPS for the current year.

Institutional Trading of Cementos Pacasmayo S.A.A.

Hedge funds have recently bought and sold shares of the stock. Millennium Management LLC bought a new position in shares of Cementos Pacasmayo S.A.A. during the 4th quarter valued at about $167,000. Dimensional Fund Advisors LP raised its position in Cementos Pacasmayo S.A.A. by 7.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 91,754 shares of the construction company’s stock valued at $958,000 after purchasing an additional 6,054 shares during the period. LPL Financial LLC purchased a new stake in Cementos Pacasmayo S.A.A. during the fourth quarter valued at approximately $155,000. BNP Paribas Financial Markets lifted its stake in Cementos Pacasmayo S.A.A. by 6.7% in the second quarter. BNP Paribas Financial Markets now owns 30,110 shares of the construction company’s stock worth $179,000 after purchasing an additional 1,900 shares during the last quarter. Finally, Virtu Financial LLC bought a new stake in Cementos Pacasmayo S.A.A. in the fourth quarter worth about $129,000.

Cementos Pacasmayo S.A.A. Company Profile

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.