Kimberly-Clark de Mexico SAB de CV (OTCMKTS:KCDMY) Shares Gap Down – Here’s Why

Kimberly-Clark de Mexico SAB de CV (OTCMKTS:KCDMY) gapped down before the market opened on Monday . The stock had previously closed at $10.79, but opened at $10.2001. Kimberly-Clark de Mexico SAB de CV shares last traded at $10.72, with a volume of 270 shares traded.

Wall Street Analysts Forecast Growth

Separately, Itau BBA Securities upgraded Kimberly-Clark de Mexico SAB de CV from a “market perform” rating to an “outperform” rating in a research note on Tuesday, November 4th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy”.

Kimberly-Clark de Mexico SAB de CV Stock Performance

The stock has a market capitalization of $6.62 billion, a P/E ratio of 17.66 and a beta of 0.77. The company’s fifty day simple moving average is $10.12 and its two-hundred day simple moving average is $9.81. The company has a debt-to-equity ratio of 3.60, a quick ratio of 0.97 and a current ratio of 1.27.

Kimberly-Clark de Mexico SAB de CV (OTCMKTS:KCDMY) last posted its earnings results on Thursday, October 23rd. The basic materials company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.01). The firm had revenue of $728.43 million during the quarter, compared to analyst estimates of $723.40 million. Kimberly-Clark de Mexico SAB de CV had a net margin of 13.02% and a return on equity of 140.79%.

Kimberly-Clark de Mexico SAB de CV Dividend Announcement

The company also recently announced a dividend, which was paid on Thursday, October 9th. Stockholders of record on Thursday, October 2nd were issued a dividend of $0.1121 per share. The ex-dividend date of this dividend was Wednesday, October 1st. This represents a dividend yield of 424.0%. Kimberly-Clark de Mexico SAB de CV’s dividend payout ratio (DPR) is currently 81.97%.

About Kimberly-Clark de Mexico SAB de CV

Kimberly-Clark de México, SAB. de C.V. operates as one of the leading manufacturers of personal care and paper‐based products in Mexico. As a locally managed subsidiary of the global Kimberly-Clark Corporation, the company focuses on the production, marketing and distribution of consumer staples designed for everyday use, ranging from facial and bathroom tissue to diapers and feminine care items.

The company’s portfolio includes well-known brands such as Kleenex and Scott for tissue products, Huggies for baby care, Kotex for feminine hygiene and Depend for adult incontinence.