Cementos Pacasmayo S.A.A. (NYSE:CPAC) Share Price Crosses Above 200 Day Moving Average – Should You Sell?

Cementos Pacasmayo S.A.A. (NYSE:CPAC)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $5.75 and traded as high as $5.79. Cementos Pacasmayo S.A.A. shares last traded at $5.70, with a volume of 3,105 shares traded.

Cementos Pacasmayo S.A.A. Trading Up 0.3 %

The company has a quick ratio of 0.47, a current ratio of 1.56 and a debt-to-equity ratio of 0.80. The business’s fifty day moving average is $5.68 and its 200 day moving average is $5.75. The firm has a market capitalization of $482.77 million, a price-to-earnings ratio of 9.99 and a beta of 0.62.

Cementos Pacasmayo S.A.A. (NYSE:CPAC) last issued its quarterly earnings results on Tuesday, October 29th. The construction company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.01. Cementos Pacasmayo S.A.A. had a net margin of 9.41% and a return on equity of 17.48%. The firm had revenue of $137.76 million for the quarter, compared to analyst estimates of $140.30 million. Equities analysts predict that Cementos Pacasmayo S.A.A. will post 0.64 earnings per share for the current year.

Cementos Pacasmayo S.A.A. Cuts Dividend

The firm also recently declared a Variable dividend, which was paid on Tuesday, December 17th. Shareholders of record on Thursday, November 21st were paid a $0.5421 dividend. The ex-dividend date of this dividend was Thursday, November 21st. This represents a yield of 7.9%. Cementos Pacasmayo S.A.A.’s payout ratio is currently 87.72%.

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. Woodward Diversified Capital LLC purchased a new stake in Cementos Pacasmayo S.A.A. (NYSE:CPAC) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 11,000 shares of the construction company’s stock, valued at approximately $58,000.

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.