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

Cementos Pacasmayo S.A.A. (NYSE:CPAC) shares saw an uptick in trading volume on Tuesday . 84,545 shares traded hands during mid-day trading, an increase of 153% from the previous session’s volume of 33,411 shares.The stock last traded at $10.86 and had previously closed at $10.76.

Wall Street Analyst Weigh In

Several research analysts recently commented on CPAC shares. Zacks Research downgraded Cementos Pacasmayo S.A.A. from a “hold” rating to a “strong sell” rating in a research note on Thursday, March 26th. Weiss Ratings cut shares of Cementos Pacasmayo S.A.A. from a “buy (b-)” rating to a “hold (c)” rating in a research note on Tuesday, February 17th. JPMorgan Chase & Co. raised shares of Cementos Pacasmayo S.A.A. from an “underweight” rating to a “neutral” rating and upped their target price for the stock from $7.50 to $13.00 in a report on Wednesday, March 4th. Finally, Wall Street Zen downgraded shares of Cementos Pacasmayo S.A.A. from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. Three analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus target price of $12.90.

Cementos Pacasmayo S.A.A. Stock Down 0.0%

The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.28 and a current ratio of 1.09. The business has a 50 day simple moving average of $10.53 and a 200-day simple moving average of $9.33. The firm has a market capitalization of $908.31 million, a price-to-earnings ratio of 21.87 and a beta of 0.74.

Cementos Pacasmayo S.A.A. (NYSE:CPAC) last announced its quarterly earnings data on Friday, February 13th. The construction company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.11). Cementos Pacasmayo S.A.A. had a net margin of 7.11% and a return on equity of 11.85%. The firm had revenue of $179.83 million during the quarter, compared to analysts’ expectations of $174.95 million. On average, equities analysts expect that Cementos Pacasmayo S.A.A. will post 0.47 EPS for the current year.

Institutional Trading of Cementos Pacasmayo S.A.A.

Several institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its position in Cementos Pacasmayo S.A.A. by 7.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 91,754 shares of the construction company’s stock worth $958,000 after acquiring an additional 6,054 shares during the period. Benjamin Edwards Inc. purchased a new stake in Cementos Pacasmayo S.A.A. in the third quarter valued at $522,000. BNP Paribas Financial Markets raised its position in Cementos Pacasmayo S.A.A. by 6.7% in the second quarter. BNP Paribas Financial Markets now owns 30,110 shares of the construction company’s stock valued at $179,000 after purchasing an additional 1,900 shares during the period. Millennium Management LLC acquired a new position in shares of Cementos Pacasmayo S.A.A. in the 4th quarter valued at $167,000. Finally, LPL Financial LLC purchased a new position in shares of Cementos Pacasmayo S.A.A. during the 4th quarter worth $155,000.

About Cementos Pacasmayo S.A.A.

Cementos Pacasmayo SAA. is a Peru‐based cement and construction materials company engaged in the production, distribution and sale of cement and related products. The company’s core activities include manufacturing ordinary portland cement, hydrated lime and other industrial minerals. It serves the building and infrastructure sectors, offering tailored solutions for public works, residential and commercial construction projects.

Founded in 1949 in the coastal city of Pacasmayo, the company has grown into one of Peru’s leading cement producers.