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

Cementos Pacasmayo S.A.A. (NYSE:CPAC)’s share price passed 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 changing hands.

Cementos Pacasmayo S.A.A. Price Performance

The company has a quick ratio of 0.47, a current ratio of 1.30 and a debt-to-equity ratio of 0.85. The company 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 fifty day simple moving average of $5.71 and a two-hundred day simple moving average of $5.79.

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

Hedge Funds Weigh In On Cementos Pacasmayo S.A.A.

Large investors have recently added to or reduced their stakes in the business. Woodward Diversified Capital LLC purchased a new position in Cementos Pacasmayo S.A.A. during the fourth quarter worth about $58,000. Citadel Advisors LLC purchased a new position in shares of Cementos Pacasmayo S.A.A. in the 4th quarter worth about $68,000. Finally, BNP Paribas Financial Markets raised its holdings in shares of Cementos Pacasmayo S.A.A. by 7.4% during the 4th quarter. BNP Paribas Financial Markets now owns 29,110 shares of the construction company’s stock valued at $152,000 after buying an additional 2,000 shares during the period.

About Cementos Pacasmayo S.A.A.

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.