Short Interest in Cementos Pacasmayo S.A.A. (NYSE:CPAC) Declines By 8.9%

Cementos Pacasmayo S.A.A. (NYSE:CPAC) was the target of a significant drop in short interest in the month of September. As of September 15th, there was short interest totalling 21,600 shares, a drop of 8.9% from the August 31st total of 23,700 shares. Based on an average daily volume of 4,700 shares, the short-interest ratio is presently 4.6 days.

Cementos Pacasmayo S.A.A. Trading Down 0.7 %

Cementos Pacasmayo S.A.A. stock traded down $0.04 during trading hours on Tuesday, hitting $5.71. The company had a trading volume of 927 shares, compared to its average volume of 6,980. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.39 and a current ratio of 1.54. The firm has a market cap of $484.11 million, a P/E ratio of 9.85 and a beta of 0.64. The company has a 50-day moving average price of $5.63 and a two-hundred day moving average price of $5.62. Cementos Pacasmayo S.A.A. has a 1 year low of $4.65 and a 1 year high of $6.64.

Cementos Pacasmayo S.A.A. (NYSE:CPAC) last announced its quarterly earnings results on Monday, July 22nd. The construction company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.01). The firm had revenue of $122.24 million during the quarter, compared to analysts’ expectations of $118.53 million. Cementos Pacasmayo S.A.A. had a net margin of 8.58% and a return on equity of 16.20%. On average, sell-side analysts anticipate that Cementos Pacasmayo S.A.A. will post 0.49 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. downgraded 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 report on Wednesday, August 21st.

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.