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

Kimberly-Clark de Mexico SAB de CV (OTCMKTS:KCDMY)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $11.05, but opened at $11.65. Kimberly-Clark de Mexico SAB de CV shares last traded at $11.31, with a volume of 2,609 shares traded.

Analyst Ratings Changes

Separately, HSBC downgraded Kimberly-Clark de Mexico SAB de CV from a “buy” rating to a “hold” rating in a research note on Wednesday, April 29th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Kimberly-Clark de Mexico SAB de CV Stock Performance

The company has a market cap of $6.97 billion, a PE ratio of 16.19 and a beta of 0.67. The company has a current ratio of 1.55, a quick ratio of 1.36 and a debt-to-equity ratio of 11.44. The firm’s 50-day simple moving average is $10.98 and its two-hundred day simple moving average is $11.43.

Kimberly-Clark de Mexico SAB de CV (OTCMKTS:KCDMY) last posted its quarterly earnings results on Tuesday, April 21st. The basic materials company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). Kimberly-Clark de Mexico SAB de CV had a return on equity of 164.99% and a net margin of 13.92%.The company had revenue of $827.16 million during the quarter, compared to analysts’ expectations of $789.47 million.

Kimberly-Clark de Mexico SAB de CV Company Profile

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.