Cementos Pacasmayo S.A.A. (NYSE:CPAC) Shares Gap Down – Here’s Why

Cementos Pacasmayo S.A.A. (NYSE:CPAC) shares gapped down prior to trading on Thursday . The stock had previously closed at $6.15, but opened at $5.98. Cementos Pacasmayo S.A.A. shares last traded at $6.20, with a volume of 6,677 shares changing hands.

Analyst Ratings Changes

Separately, Scotiabank boosted their price objective 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.

Cementos Pacasmayo S.A.A. Price Performance

The firm has a market capitalization of $521.34 million, a PE ratio of 10.42 and a beta of 0.68. The stock has a 50-day moving average price of $5.79 and a 200 day moving average price of $5.69. The company has a quick ratio of 0.34, a current ratio of 1.33 and a debt-to-equity ratio of 0.79.

Cementos Pacasmayo S.A.A. (NYSE:CPAC) last posted its quarterly earnings data on Monday, April 28th. The construction company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. Cementos Pacasmayo S.A.A. had a return on equity of 15.87% and a net margin of 10.10%. The business had revenue of $134.84 million during the quarter, compared to analysts’ expectations of $498.00 million. Equities analysts forecast that Cementos Pacasmayo S.A.A. will post 0.62 EPS for the current fiscal year.

Institutional Trading of 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 7.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 29,110 shares of the construction company’s stock after purchasing an additional 2,000 shares during the quarter. BNP Paribas Financial Markets’ holdings in Cementos Pacasmayo S.A.A. were worth $152,000 as of its most recent filing with the SEC.

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.