Cementos Pacasmayo S.A.A. (CPAC) Hits New 52-Week High at $12.79
Cementos Pacasmayo S.A.A. (NYSE:CPAC) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $12.79 and last traded at $12.99, with a volume of 6,111 shares trading hands. The stock had previously closed at $12.33.
CPAC has been the topic of a number of recent research reports. BidaskClub cut Cementos Pacasmayo S.A.A. from a “hold” rating to a “sell” rating in a research note on Thursday, July 20th. Bank of America Corporation raised their target price on Cementos Pacasmayo S.A.A. from $9.90 to $11.00 and gave the company an “underperform” rating in a research note on Friday, July 21st. Finally, Zacks Investment Research cut Cementos Pacasmayo S.A.A. from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th.
The stock’s 50 day moving average price is $11.85 and its 200-day moving average price is $11.19.
A hedge fund recently raised its stake in Cementos Pacasmayo S.A.A. stock. Dimensional Fund Advisors LP grew its holdings in Cementos Pacasmayo S.A.A. (NYSE:CPAC) by 11.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 76,297 shares of the construction company’s stock after purchasing an additional 8,067 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Cementos Pacasmayo S.A.A. were worth $872,000 as of its most recent filing with the SEC. 1.06% of the stock is currently owned by hedge funds and other institutional investors.
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About Cementos Pacasmayo S.A.A.
Pacasmayo Cement Corp, formerly Cementos Pacasmayo SAA, is a Peru-based company principally engaged in the production, distribution and sale of construction materials. The Company is active in the development of traditional and blended cement, ready-mix concrete, mortars, quicklime, concrete blocks, diatomite bricks and aggregates, among others.
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