Cementos Pacasmayo S.A.A. (NYSE:CPAC) Sees Large Volume Increase – Still a Buy?

Cementos Pacasmayo S.A.A. (NYSE:CPAC) shares saw an uptick in trading volume on Thursday . 26,850 shares were traded during trading, an increase of 219% from the previous session’s volume of 8,424 shares.The stock last traded at $5.93 and had previously closed at $5.95.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. lowered shares of Cementos Pacasmayo S.A.A. from a “neutral” rating to an “underweight” rating and set a $6.00 price target on the stock. in a report on Wednesday, August 21st.

Cementos Pacasmayo S.A.A. Trading Up 0.8 %

The company has a debt-to-equity ratio of 0.80, a current ratio of 1.56 and a quick ratio of 0.47. The company’s 50 day simple moving average is $5.99 and its two-hundred day simple moving average is $5.75.

Cementos Pacasmayo S.A.A. (NYSE:CPAC) last released its quarterly earnings data on Tuesday, October 29th. The construction company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.01. The firm had revenue of $137.76 million for the quarter, compared to analyst estimates of $140.30 million. Cementos Pacasmayo S.A.A. had a net margin of 9.41% and a return on equity of 17.48%. Equities research analysts forecast that Cementos Pacasmayo S.A.A. will post 0.64 earnings per share for the current year.

Cementos Pacasmayo S.A.A. Cuts Dividend

The firm also recently declared a Variable dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Thursday, November 21st will be paid a dividend of $0.5421 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a dividend yield of 7.9%. Cementos Pacasmayo S.A.A.’s dividend payout ratio (DPR) is 87.72%.

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.