Cementos Pacasmayo S.A.A. (NYSE:CPAC) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

Cementos Pacasmayo S.A.A. (NYSE:CPAC) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $7.97 and traded as high as $10.87. Cementos Pacasmayo S.A.A. shares last traded at $10.74, with a volume of 7,937 shares changing hands.

Analyst Upgrades and Downgrades

CPAC has been the topic of several research reports. Weiss Ratings raised shares of Cementos Pacasmayo S.A.A. from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, January 12th. JPMorgan Chase & Co. increased their target price on shares of Cementos Pacasmayo S.A.A. from $6.50 to $7.50 and gave the stock an “underweight” rating in a report on Tuesday, November 4th. Wall Street Zen upgraded shares of Cementos Pacasmayo S.A.A. to a “buy” rating in a research note on Saturday, January 17th. Finally, Scotiabank upped their price objective on Cementos Pacasmayo S.A.A. from $6.40 to $12.80 and gave the stock a “sector perform” rating in a research report on Friday, December 19th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Cementos Pacasmayo S.A.A. presently has an average rating of “Hold” and an average target price of $10.15.

Cementos Pacasmayo S.A.A. Stock Down 1.4%

The firm’s fifty day simple moving average is $10.10 and its 200 day simple moving average is $7.97. The company has a current ratio of 1.40, a quick ratio of 0.49 and a debt-to-equity ratio of 0.66.

Institutional Trading of Cementos Pacasmayo S.A.A.

Hedge funds and other institutional investors have recently bought and sold shares of the business. LPL Financial LLC purchased a new stake in Cementos Pacasmayo S.A.A. during the 4th quarter worth about $155,000. BNP Paribas Financial Markets raised its position in shares of Cementos Pacasmayo S.A.A. by 6.7% during the 2nd quarter. BNP Paribas Financial Markets now owns 30,110 shares of the construction company’s stock worth $179,000 after acquiring an additional 1,900 shares in the last quarter. Benjamin Edwards Inc. purchased a new stake in Cementos Pacasmayo S.A.A. during the third quarter worth approximately $522,000. Finally, Dimensional Fund Advisors LP boosted its holdings 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 valued at $958,000 after purchasing an additional 6,054 shares in the last quarter.

Cementos Pacasmayo S.A.A. Company Profile

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.