Cementos Pacasmayo S.A.A. (NYSE:CPAC) Sees Strong Trading Volume – Here’s What Happened

by · The Cerbat Gem

Cementos Pacasmayo S.A.A. (NYSE:CPAC – Get Free Report) saw unusually-strong trading volume on Tuesday . Approximately 34,719 shares were traded during trading, an increase of 397% from the previous session’s volume of 6,990 shares.The stock last traded at $6.01 and had previously closed at $5.94.

Analysts Set New Price Targets

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 price target for the company. in a research note on Wednesday, August 21st.

View Our Latest Stock Report on CPAC

Cementos Pacasmayo S.A.A. Price Performance

The stock has a 50 day moving average price of $5.72 and a two-hundred day moving average price of $5.60. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.54 and a quick ratio of 0.39. The firm has a market capitalization of $518.79 million, a price-to-earnings ratio of 10.22 and a beta of 0.64.

About Cementos Pacasmayo S.A.A.

(Get Free Report)

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.

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