Cementos Pacasmayo S.A.A. (NYSE:CPAC) Short Interest Down 22.0% in October

Cementos Pacasmayo S.A.A. (NYSE:CPAC) was the recipient of a large decline in short interest in the month of October. As of October 15th, there was short interest totalling 21,300 shares, a decline of 22.0% from the September 30th total of 27,300 shares. Based on an average daily volume of 5,500 shares, the short-interest ratio is currently 3.9 days.

Analyst Ratings Changes

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

Cementos Pacasmayo S.A.A. Stock Down 1.3 %

Shares of Cementos Pacasmayo S.A.A. stock traded down $0.08 during trading on Wednesday, reaching $6.15. 39,995 shares of the company traded hands, compared to its average volume of 7,348. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.54 and a quick ratio of 0.39. Cementos Pacasmayo S.A.A. has a 1-year low of $4.65 and a 1-year high of $6.64. The company has a 50 day moving average price of $5.73 and a 200-day moving average price of $5.61. The firm has a market capitalization of $521.34 million, a PE ratio of 10.95 and a beta of 0.64.

Cementos Pacasmayo S.A.A. (NYSE:CPAC) last released its earnings results on Tuesday, October 29th. The construction company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.01. The company had revenue of $137.76 million for the quarter, compared to the consensus estimate of $140.30 million. Cementos Pacasmayo S.A.A. had a net margin of 8.58% and a return on equity of 16.20%. As a group, equities research analysts expect that Cementos Pacasmayo S.A.A. will post 0.49 earnings per share for the current fiscal year.

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.