Unicharm (OTCMKTS:UNICY) Shares Gap Up – Here’s What Happened

Unicharm (OTCMKTS:UNICY) gapped up before the market opened on Friday . The stock had previously closed at $3.04, but opened at $3.21. Unicharm shares last traded at $3.21, with a volume of 263 shares.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group downgraded Unicharm from a “strong-buy” rating to a “hold” rating in a report on Monday, August 31st. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Unicharm presently has a consensus rating of “Hold”.

Unicharm Stock Performance

The company has a quick ratio of 2.06, a current ratio of 2.48 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $10.69 billion, a P/E ratio of 23.63 and a beta of 0.29. The company’s 50 day moving average is $3.03 and its 200-day moving average is $3.00.

Unicharm (OTCMKTS:UNICY) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.04 earnings per share for the quarter. Unicharm had a net margin of 6.65% and a return on equity of 7.19%. The firm had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.59 billion. As a group, equities 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.