Cementos Pacasmayo S.A.A. (NYSE:CPAC) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Cementos Pacasmayo S.A.A. (NYSE:CPAC) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $5.78 and traded as high as $5.90. Cementos Pacasmayo S.A.A. shares last traded at $5.76, with a volume of 8,359 shares.

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 stock has a market capitalization of $488.30 million, a price-to-earnings ratio of 9.76 and a beta of 0.63. The business’s 50 day simple moving average is $5.66 and its 200-day simple moving average is $5.78.

Cementos Pacasmayo S.A.A. (NYSE:CPAC) last posted its quarterly earnings results on Thursday, February 13th. The construction company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $140.30 million for the quarter, compared to analyst estimates of $141.04 million. On average, research analysts forecast that Cementos Pacasmayo S.A.A. will post 0.62 earnings per share for the current year.

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

Hedge funds and other institutional investors have recently modified their holdings of the business. Citadel Advisors LLC acquired a new stake in Cementos Pacasmayo S.A.A. in the fourth quarter valued at about $68,000. Woodward Diversified Capital LLC bought a new position in shares of Cementos Pacasmayo S.A.A. in the fourth quarter worth about $58,000. Finally, BNP Paribas Financial Markets boosted its stake in shares of Cementos Pacasmayo S.A.A. by 7.4% in the 4th 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 in 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.