Cementos Pacasmayo S.A.A. (NYSE:CPAC)’s share price hit a new 52-week high on Friday . The stock traded as high as $12.79 and last traded at $12.99, with a volume of 6,111 shares changing hands. The stock had previously closed at $12.33.

Several equities analysts have weighed in on CPAC shares. Zacks Investment Research lowered Cementos Pacasmayo S.A.A. from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. BidaskClub raised Cementos Pacasmayo S.A.A. from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. Finally, Bank of America Corporation increased their price objective on Cementos Pacasmayo S.A.A. from $9.90 to $11.00 and gave the company an “underperform” rating in a report on Friday, July 21st.

The company has a 50-day moving average price of $11.89 and a 200-day moving average price of $11.21.

An institutional investor recently raised its position in Cementos Pacasmayo S.A.A. stock. Investec Asset Management LTD raised its stake in shares of Cementos Pacasmayo S.A.A. (NYSE:CPAC) by 197.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 214,475 shares of the construction company’s stock after buying an additional 142,251 shares during the period. Investec Asset Management LTD’s holdings in Cementos Pacasmayo S.A.A. were worth $2,451,000 as of its most recent SEC filing. 1.06% of the stock is currently owned by institutional investors.

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Cementos Pacasmayo S.A.A. Company Profile

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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