Cementos Pacasmayo S.A.A. (NYSE:CPAC) Shares Gap Down – Time to Sell?

Cementos Pacasmayo S.A.A. (NYSE:CPAC)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $5.90, but opened at $5.72. Cementos Pacasmayo S.A.A. shares last traded at $5.78, with a volume of 4,343 shares.

Cementos Pacasmayo S.A.A. Stock Down 0.7 %

The firm has a market cap of $491.67 million, a price-to-earnings ratio of 9.83 and a beta of 0.63. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.56 and a quick ratio of 0.47. The stock has a 50-day moving average of $5.67 and a 200-day moving average of $5.77.

Cementos Pacasmayo S.A.A. (NYSE:CPAC) last issued its quarterly earnings results on Thursday, February 13th. The construction company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.03). The company had revenue of $140.30 million for the quarter, compared to analyst estimates of $141.04 million. Cementos Pacasmayo S.A.A. had a return on equity of 15.48% and a net margin of 10.05%. Sell-side analysts predict that Cementos Pacasmayo S.A.A. will post 0.72 EPS for the current fiscal year.

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

A number of large investors have recently added to or reduced their stakes in the stock. Woodward Diversified Capital LLC acquired a new stake in shares of Cementos Pacasmayo S.A.A. in the 4th quarter valued at $58,000. Citadel Advisors LLC acquired a new stake in shares of Cementos Pacasmayo S.A.A. in the 4th quarter valued at $68,000. Finally, BNP Paribas Financial Markets boosted its holdings in shares of Cementos Pacasmayo S.A.A. by 7.4% in the 4th quarter. BNP Paribas Financial Markets now owns 29,110 shares of the construction company’s stock valued at $152,000 after purchasing an additional 2,000 shares in the last 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.