Cementos Pacasmayo S.A.A. (NYSE:CPAC) Sees Strong Trading Volume

Cementos Pacasmayo S.A.A. (NYSE:CPAC) saw unusually-strong trading volume on Friday . Approximately 1,485 shares were traded during trading, a decline of 81% from the previous session’s volume of 7,760 shares.The stock last traded at $7.99 and had previously closed at $7.94.

The company has a debt-to-equity ratio of 0.76, a current ratio of 2.19 and a quick ratio of 1.02. The firm has a market cap of $677.34 million, a P/E ratio of 31.76 and a beta of 0.31. The stock has a 50 day moving average price of $7.45.

Cementos Pacasmayo S.A.A. (NYSE:CPAC) last issued its quarterly earnings results on Thursday, April 29th. The construction company reported $0.10 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.06. Cementos Pacasmayo S.A.A. had a net margin of 5.25% and a return on equity of 5.38%. The company had revenue of $128.05 million for the quarter, compared to analyst estimates of $94.96 million. Analysts anticipate that Cementos Pacasmayo S.A.A. will post 0.39 EPS for the current year.

A hedge fund recently raised its stake in Cementos Pacasmayo S.A.A. stock. Dimensional Fund Advisors LP boosted its holdings in Cementos Pacasmayo S.A.A. (NYSE:CPAC) by 2.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 83,680 shares of the construction company’s stock after purchasing an additional 1,728 shares during the quarter. Dimensional Fund Advisors LP owned about 0.10% of Cementos Pacasmayo S.A.A. worth $624,000 as of its most recent SEC filing. Institutional investors own 0.33% of the company’s stock.

About Cementos Pacasmayo S.A.A. (NYSE:CPAC)

Cementos Pacasmayo SAA., a cement company, produces, distributes, and sells cement and cement-related materials in Peru. The company operates in three segments: Cement, Concrete and Precast; Quicklime; and Sales of Construction Supplies. It produces cement for various uses, such as 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.

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