Cementos Pacasmayo S.A.A. (NYSE:CPAC) Trading Down 3.4% – Should You Sell?

Cementos Pacasmayo S.A.A. (NYSE:CPAC) traded down 3.4% during mid-day trading on Monday . The stock traded as low as $10.35 and last traded at $10.2650. 27,338 shares were traded during mid-day trading, an increase of 15% from the average session volume of 23,833 shares. The stock had previously closed at $10.63.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Weiss Ratings reissued a “buy (b-)” rating on shares of Cementos Pacasmayo S.A.A. in a research note on Monday. JPMorgan Chase & Co. increased their price target on Cementos Pacasmayo S.A.A. from $6.50 to $7.50 and gave the company an “underweight” rating in a research report on Tuesday, November 4th. Finally, Scotiabank lifted their price target on Cementos Pacasmayo S.A.A. from $6.40 to $12.80 and gave the stock a “sector perform” rating in a research note on Friday, December 19th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Cementos Pacasmayo S.A.A. presently has an average rating of “Hold” and a consensus price target of $10.15.

Cementos Pacasmayo S.A.A. Trading Up 3.6%

The company has a quick ratio of 0.49, a current ratio of 1.40 and a debt-to-equity ratio of 0.66. The firm has a market cap of $896.87 million, a price-to-earnings ratio of 15.11 and a beta of 0.69. The company has a 50-day moving average price of $7.47 and a 200 day moving average price of $6.79.

Cementos Pacasmayo S.A.A. (NYSE:CPAC) last announced its quarterly earnings data on Tuesday, October 28th. The construction company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.05. Cementos Pacasmayo S.A.A. had a return on equity of 17.19% and a net margin of 10.68%.The firm had revenue of $165.53 million during the quarter, compared to the consensus estimate of $159.70 million. As a group, research analysts anticipate that Cementos Pacasmayo S.A.A. will post 0.62 earnings per share for the current fiscal year.

Cementos Pacasmayo S.A.A. Announces Dividend

The business also recently declared a special dividend, which was paid on Thursday, December 18th. Investors of record on Friday, November 21st were issued a dividend of $0.6018 per share. The ex-dividend date was Friday, November 21st. Cementos Pacasmayo S.A.A.’s dividend payout ratio (DPR) is currently 80.00%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Cementos Pacasmayo S.A.A. stock. Benjamin Edwards Inc. bought a new position in Cementos Pacasmayo S.A.A. (NYSE:CPAC) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 75,041 shares of the construction company’s stock, valued at approximately $522,000. Benjamin Edwards Inc. owned approximately 0.09% of Cementos Pacasmayo S.A.A. as of its most recent SEC filing.

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.