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

Cementos Pacasmayo S.A.A. (NYSE:CPAC) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $5.79 and traded as high as $5.80. Cementos Pacasmayo S.A.A. shares last traded at $5.78, with a volume of 758 shares trading hands.

Cementos Pacasmayo S.A.A. Stock Up 0.4 %

The company has a quick ratio of 0.47, a current ratio of 1.30 and a debt-to-equity ratio of 0.85. The company has a market capitalization of $489.57 million, a P/E ratio of 9.79 and a beta of 0.63. The firm has a 50-day moving average price of $5.71 and a two-hundred day moving average price of $5.79.

Cementos Pacasmayo S.A.A. (NYSE:CPAC) last posted its quarterly earnings data on Thursday, February 13th. The construction company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.03). Cementos Pacasmayo S.A.A. had a net margin of 10.05% and a return on equity of 15.70%. The business had revenue of $140.30 million during the quarter, compared to the consensus estimate of $141.04 million. Equities research analysts anticipate 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.

Several hedge funds have recently modified their holdings of CPAC. Citadel Advisors LLC bought a new stake in shares of Cementos Pacasmayo S.A.A. in the fourth quarter valued at approximately $68,000. Woodward Diversified Capital LLC acquired a new position in shares of Cementos Pacasmayo S.A.A. in the fourth quarter valued at $58,000. Finally, BNP Paribas Financial Markets raised its stake in shares of Cementos Pacasmayo S.A.A. by 7.4% in the fourth quarter. BNP Paribas Financial Markets now owns 29,110 shares of the construction company’s stock valued at $152,000 after purchasing an additional 2,000 shares in the last quarter.

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.