Cementos Pacasmayo S.A.A. (NYSE:CPAC) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Cementos Pacasmayo S.A.A. (NYSE:CPAC)’s stock price passed above its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of $11.41 and traded as high as $12.39. Cementos Pacasmayo S.A.A. shares last traded at $12.2850, with a volume of 6,659 shares changing hands.

Wall Street Analysts Forecast Growth

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

Cementos Pacasmayo S.A.A. Stock Up 0.6%

The business’s fifty day simple moving average is $12.20 and its two-hundred day simple moving average is $11.43. The company has a market cap of $1.04 billion, a PE ratio of 17.08 and a beta of 0.76. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.22 and a quick ratio of 0.50.

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

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

An institutional investor recently raised its stake in Cementos Pacasmayo S.A.A. stock. Dimensional Fund Advisors LP increased its position in shares of Cementos Pacasmayo S.A.A. (NYSE:CPAC) by 13.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 104,077 shares of the construction company’s stock after purchasing an additional 12,323 shares during the period. Dimensional Fund Advisors LP owned 0.12% of Cementos Pacasmayo S.A.A. worth $1,036,000 at the end of the most recent quarter.

Cementos Pacasmayo S.A.A. Company Profile

Cementos Pacasmayo SAA. is a Peru-based company engaged in the production, distribution and sale of cement and related construction materials. Its portfolio includes cement, ready-mix concrete, precast concrete products, aggregates and lime, as well as construction solutions and other materials used in residential, commercial and infrastructure projects.

Founded in 1949, the company has developed an integrated operating platform serving northern and northeastern Peru. Its operations include cement manufacturing facilities in the northern region and through its Cementos Selva business in the Amazonian region, supported by distribution and commercial networks that serve construction markets across these geographies.

Cementos Pacasmayo markets its products under brands including Pacasmayo, DINO and Cementos Selva.