Cementos Pacasmayo S.A.A. (NYSE:CPAC – Get Free Report) was the recipient of a significant decrease in short interest in October. As of October 15th, there was short interest totalling 21,300 shares, a decrease of 22.0% from the September 30th total of 27,300 shares. Based on an average daily trading volume, of 5,500 shares, the days-to-cover ratio is currently 3.9 days.
Analyst Upgrades and Downgrades
Separately, JPMorgan Chase & Co. downgraded 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.
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Cementos Pacasmayo S.A.A. Price Performance
Cementos Pacasmayo S.A.A. (NYSE:CPAC – Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The construction company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.01. The company had revenue of $137.76 million for the quarter, compared to analysts’ expectations of $140.30 million. Cementos Pacasmayo S.A.A. had a net margin of 8.58% and a return on equity of 16.20%. As a group, analysts predict that Cementos Pacasmayo S.A.A. will post 0.49 EPS for the current fiscal year.
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.
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