Cementos Pacasmayo S.A.A. (NYSE:CPAC) Shares Gap Up – What’s Next?

Cementos Pacasmayo S.A.A. (NYSE:CPAC)’s share price gapped up before the market opened on Friday . The stock had previously closed at $6.60, but opened at $6.82. Cementos Pacasmayo S.A.A. shares last traded at $6.76, with a volume of 1,473 shares traded.

Analyst Ratings Changes

Separately, Scotiabank raised their price target on Cementos Pacasmayo S.A.A. from $6.00 to $6.40 and gave the company a “sector perform” rating in a research report on Wednesday, June 4th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $6.40.

Cementos Pacasmayo S.A.A. Trading Up 3.8%

The firm has a market capitalization of $580.67 million, a price-to-earnings ratio of 11.05 and a beta of 0.76. The business has a 50-day moving average of $6.34 and a two-hundred day moving average of $5.93. The company has a quick ratio of 0.40, a current ratio of 1.34 and a debt-to-equity ratio of 0.73.

Cementos Pacasmayo S.A.A. (NYSE:CPAC) last released its earnings results on Monday, July 21st. The construction company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.05. Cementos Pacasmayo S.A.A. had a return on equity of 16.60% and a net margin of 10.51%.The business had revenue of $135.89 million for the quarter, compared to the consensus estimate of $132.73 million. During the same period last year, the business earned $0.09 earnings per share. Research analysts predict that Cementos Pacasmayo S.A.A. will post 0.62 EPS for the current fiscal year.

Institutional Investors Weigh In On Cementos Pacasmayo S.A.A.

An institutional investor recently raised its position in Cementos Pacasmayo S.A.A. stock. BNP Paribas Financial Markets increased its position in shares of Cementos Pacasmayo S.A.A. (NYSE:CPAC) by 6.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,110 shares of the construction company’s stock after buying an additional 1,900 shares during the quarter. BNP Paribas Financial Markets’ holdings in Cementos Pacasmayo S.A.A. were worth $179,000 at the end of the most recent 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.