Cementos Pacasmayo S.A.A. (NYSE:CPAC) Sees Strong Trading Volume – Here’s What Happened

Cementos Pacasmayo S.A.A. (NYSE:CPAC) shares saw strong trading volume on Wednesday . 6,047 shares were traded during mid-day trading, an increase of 67% from the previous session’s volume of 3,614 shares.The stock last traded at $6.41 and had previously closed at $6.50.

Wall Street Analysts Forecast Growth

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

Cementos Pacasmayo S.A.A. Price Performance

The company has a quick ratio of 0.40, a current ratio of 1.34 and a debt-to-equity ratio of 0.73. The company’s 50 day moving average is $6.19 and its 200 day moving average is $5.86. The firm has a market capitalization of $545.07 million, a price-to-earnings ratio of 10.37 and a beta of 0.69.

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

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

An institutional investor recently bought a new position in Cementos Pacasmayo S.A.A. stock. Citadel Advisors LLC acquired a new position in shares of Cementos Pacasmayo S.A.A. (NYSE:CPAC) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 12,940 shares of the construction company’s stock, valued at approximately $68,000.

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.