Cementos Pacasmayo S.A.A. (NYSE:CPAC) Sees Unusually-High Trading Volume – What’s Next?

Cementos Pacasmayo S.A.A. (NYSE:CPAC) shares saw unusually-strong trading volume on Tuesday . 26,000 shares traded hands during trading, a decline of 42% from the previous session’s volume of 44,478 shares.The stock last traded at $11.7010 and had previously closed at $11.85.

Analyst Ratings Changes

A number of equities analysts recently issued reports on CPAC shares. Scotiabank raised their price target on Cementos Pacasmayo S.A.A. from $12.80 to $13.00 and gave the stock a “sector perform” rating in a report on Tuesday, July 21st. Wall Street Zen raised Cementos Pacasmayo S.A.A. to a “buy” rating in a research note on Saturday, August 1st. Weiss Ratings raised Cementos Pacasmayo S.A.A. from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, July 9th. Finally, 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. Four investment analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $13.00.

Cementos Pacasmayo S.A.A. Trading Up 2.1%

The company has a quick ratio of 0.50, a current ratio of 1.22 and a debt-to-equity ratio of 0.59. The company’s fifty day moving average price is $11.84 and its two-hundred day moving average price is $11.03. The firm has a market cap of $1.03 billion, a PE ratio of 16.80 and a beta of 0.74.

Cementos Pacasmayo S.A.A. (NYSE:CPAC) last posted its quarterly earnings results on Tuesday, July 21st. The construction company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.14. The firm had revenue of $163.77 million during the quarter, compared to analysts’ expectations of $156.89 million. Cementos Pacasmayo S.A.A. had a net margin of 9.42% and a return on equity of 16.49%. As a group, sell-side analysts forecast that Cementos Pacasmayo S.A.A. will post 0.91 earnings per share for the current fiscal year.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Millennium Management LLC purchased a new stake in shares of Cementos Pacasmayo S.A.A. during the 4th quarter worth $167,000. LPL Financial LLC acquired a new stake in shares of Cementos Pacasmayo S.A.A. in the fourth quarter valued at about $155,000. Virtu Financial LLC purchased a new stake in Cementos Pacasmayo S.A.A. during the fourth quarter worth about $129,000. Dimensional Fund Advisors LP grew its position in Cementos Pacasmayo S.A.A. by 13.4% during the first quarter. Dimensional Fund Advisors LP now owns 104,077 shares of the construction company’s stock worth $1,036,000 after buying an additional 12,323 shares during the period. Finally, BNP Paribas Financial Markets grew its position in Cementos Pacasmayo S.A.A. by 6.7% during the second quarter. BNP Paribas Financial Markets now owns 30,110 shares of the construction company’s stock worth $179,000 after buying an additional 1,900 shares during the period.

About Cementos Pacasmayo S.A.A.

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.