Cementos Pacasmayo S.A.A. (NYSE:CPAC) Shares Gap Up – Here’s Why

Cementos Pacasmayo S.A.A. (NYSE:CPAC) gapped up prior to trading on Tuesday . The stock had previously closed at $6.19, but opened at $6.34. Cementos Pacasmayo S.A.A. shares last traded at $6.34, with a volume of 2,358 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. cut shares of Cementos Pacasmayo S.A.A. from a “neutral” rating to an “underweight” rating and set a $6.00 target price for the company. in a research note on Wednesday, August 21st.

Cementos Pacasmayo S.A.A. Stock Performance

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 stock has a market cap of $537.44 million, a price-to-earnings ratio of 11.11 and a beta of 0.62. The company has a 50 day simple moving average of $5.86 and a 200 day simple moving average of $5.68.

Cementos Pacasmayo S.A.A. (NYSE:CPAC) last announced its earnings results on Tuesday, October 29th. The construction company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.15 by $0.01. Cementos Pacasmayo S.A.A. had a return on equity of 17.48% and a net margin of 9.41%. The business had revenue of $137.76 million for the quarter, compared to analysts’ expectations of $140.30 million. As a group, equities research analysts forecast that Cementos Pacasmayo S.A.A. will post 0.64 EPS for the current year.

Cementos Pacasmayo S.A.A. Cuts Dividend

The company also recently announced a Variable dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Thursday, November 21st will be given a dividend of $0.5421 per share. This represents a dividend yield of 7.9%. The ex-dividend date of this dividend is Thursday, November 21st. Cementos Pacasmayo S.A.A.’s payout ratio is 85.96%.

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.