Cementos Pacasmayo S.A.A. (NYSE:CPAC) Stock Passes Above 200-Day Moving Average – Here’s What Happened

Shares of 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 $5.79 and traded as high as $5.80. Cementos Pacasmayo S.A.A. shares last traded at $5.78, with a volume of 758 shares.

Cementos Pacasmayo S.A.A. Price Performance

The stock has a fifty day moving average of $5.71 and a two-hundred day moving average of $5.79. The stock has a market cap of $489.57 million, a price-to-earnings ratio of 9.79 and a beta of 0.63. The company has a quick ratio of 0.47, a current ratio of 1.30 and a debt-to-equity ratio of 0.85.

Cementos Pacasmayo S.A.A. (NYSE:CPAC) last announced its quarterly earnings data on Thursday, February 13th. The construction company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.03). Cementos Pacasmayo S.A.A. had a return on equity of 15.70% and a net margin of 10.05%. The business had revenue of $140.30 million for the quarter, compared to analyst estimates of $141.04 million. On average, equities research analysts anticipate that Cementos Pacasmayo S.A.A. will post 0.62 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of CPAC. Citadel Advisors LLC acquired a new position in Cementos Pacasmayo S.A.A. during the fourth quarter worth $68,000. Woodward Diversified Capital LLC acquired a new stake in Cementos Pacasmayo S.A.A. in the fourth quarter valued at $58,000. Finally, BNP Paribas Financial Markets grew its holdings in Cementos Pacasmayo S.A.A. by 7.4% in the fourth quarter. BNP Paribas Financial Markets now owns 29,110 shares of the construction company’s stock valued at $152,000 after purchasing an additional 2,000 shares during the last quarter.

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.