Unicharm (OTCMKTS:UNICY) Shares Gap Down – Here’s Why

Unicharm (OTCMKTS:UNICY) shares gapped down prior to trading on Friday. The stock had previously closed at $3.05, but opened at $2.92. Unicharm shares last traded at $2.92, with a volume of 1,125 shares.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group lowered shares of Unicharm from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 31st. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Unicharm currently has an average rating of “Hold”.

Unicharm Stock Up 1.9%

The company has a fifty day moving average price of $3.06 and a 200 day moving average price of $2.98. The company has a market cap of $10.64 billion, a PE ratio of 23.51 and a beta of 0.29. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.48 and a quick ratio of 1.98.

Unicharm (OTCMKTS:UNICY) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.04 earnings per share (EPS) for the quarter. Unicharm had a net margin of 6.65% and a return on equity of 7.19%. The company had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.59 billion. As a group, analysts anticipate that Unicharm will post 0.13 EPS for the current year.

About Unicharm

Unicharm Corporation is a Japan-based manufacturer of disposable hygiene and household products. Its portfolio includes baby care products such as diapers and wipes, feminine care products, adult incontinence products, and related personal hygiene items.

The company also operates a pet care business, offering products such as pet food, diapers, and toilet-related supplies. In addition, Unicharm produces cleaning and other household products for consumers and institutions.

Founded in Japan in 1961, Unicharm has expanded beyond its domestic market and serves customers across Asia and other international regions.