Cementos Pacasmayo S.A.A. (NYSE:CPAC) Short Interest Down 22.0% in October

Cementos Pacasmayo S.A.A. (NYSE:CPACGet 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

Shares of CPAC stock traded down $0.08 during trading on Wednesday, hitting $6.15. The company had a trading volume of 39,995 shares, compared to its average volume of 7,348. The company has a quick ratio of 0.39, a current ratio of 1.54 and a debt-to-equity ratio of 0.87. The stock’s 50-day moving average is $5.73 and its two-hundred day moving average is $5.61. The stock has a market capitalization of $521.34 million, a price-to-earnings ratio of 10.95 and a beta of 0.64. Cementos Pacasmayo S.A.A. has a 52 week low of $4.65 and a 52 week high of $6.64.

Cementos Pacasmayo S.A.A. (NYSE:CPACGet 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

(Get Free Report)

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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