Cementos Pacasmayo’s Shareholders Approve Key Resolutions
TipRanks (Tue, 26-Mar 1:27 PM ET)
Cementos Pacasmayo S.A.A. Announces Consolidated Results for Fourth Quarter 2023
Business Wire (Wed, 14-Feb 9:19 PM ET)
Cementos Pacasmayo SAA is a Peruvian cement company that primarily produces, distributes, and sells cement and cement-related materials, such as concrete blocks and ready-mix concrete. The company's products are primarily used in construction. It also produces and sells quicklime for use in mining operations. The company sells its products mainly in the northern part of Peru. It owns three cement production facilities. Its flagship Pacasmayo facility is located in the northwest region of Peru, while its new cement plant in Piura and smaller Rioja facility are located in the northeast region of Peru.
Cementos Pacasmayo S.A.A. American Depositary Shares (Each Representing Five Common Shares) trades on the NYSE stock market under the symbol CPAC.
As of March 28, 2024, CPAC stock price climbed to $6.11 with 6,160 million shares trading.
CPAC has a market cap of $523.15 million. This is considered a Small Cap stock.
In the last 3 years, CPAC stock traded as high as $8.47 and as low as $4.39.
The top ETF exchange traded funds that CPAC belongs to (by Net Assets): DFAX, DFEM, DFAE.
CPAC has underperformed the market in the last year with a price return of +24.1% while the SPY ETF gained +33.6%. However, in the short term, CPAC had mixed performance relative to the market. It has outperformed in the last 3 months, returning +20.5% vs +10.1% return in SPY. But in the last 2 weeks, CPAC shares have been beat by the market, returning -5.4% compared to an SPY return of +1.7%.
CPAC support price is $5.75 and resistance is $6.23 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CPAC stock will trade within this expected range on the day.