Cementos Pacasmayo S.A.A. (NYSE:CPAC) Stock Price Passes Above Two Hundred Day Moving Average of $5.99

Cementos Pacasmayo S.A.A. (NYSE:CPAC) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $5.99 and traded as high as $6.36. Cementos Pacasmayo S.A.A. shares last traded at $6.31, with a volume of 9,401 shares traded.

Separately, Zacks Investment Research raised Cementos Pacasmayo S.A.A. from a “sell” rating to a “hold” rating in a research report on Tuesday, September 21st.

The company has a market cap of $534.90 million, a price-to-earnings ratio of 14.02 and a beta of 0.36. The firm has a 50-day simple moving average of $6.22 and a 200 day simple moving average of $5.99. The company has a quick ratio of 0.96, a current ratio of 2.01 and a debt-to-equity ratio of 1.16.

Cementos Pacasmayo S.A.A. (NYSE:CPAC) last released its quarterly earnings results on Monday, October 25th. The construction company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.04 by $0.08. The company had revenue of $125.68 million for the quarter, compared to analyst estimates of $97.81 million. Cementos Pacasmayo S.A.A. had a return on equity of 11.72% and a net margin of 7.91%. As a group, research analysts expect that Cementos Pacasmayo S.A.A. will post 0.33 EPS for the current year.

A hedge fund recently bought a new stake in Cementos Pacasmayo S.A.A. stock. StoneX Group Inc. bought a new stake in Cementos Pacasmayo S.A.A. (NYSE:CPAC) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 143,420 shares of the construction company’s stock, valued at approximately $770,000. StoneX Group Inc. owned about 0.17% of Cementos Pacasmayo S.A.A. at the end of the most recent quarter.

Cementos Pacasmayo S.A.A. Company Profile (NYSE:CPAC)

Cementos Pacasmayo SAA engages in the production and market of cement, quicklime, aggregates, ready-mix concrete, precast concrete products, and construction materials. It operates through the following segments: Cement, Concrete, and Blocks; Construction Supplies; Quicklime; and Other. The company was founded in 1949 and is headquartered in Lima, Peru.

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