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

Unicharm (OTCMKTS:UNICY) shares gapped down before the market opened 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.

Analysts Set New Price Targets

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

Unicharm Trading Up 1.9%

The firm has a market capitalization of $10.64 billion, a P/E ratio of 23.51 and a beta of 0.29. The firm has a 50 day simple moving average of $3.06 and a two-hundred day simple moving average of $2.98. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.98 and a current ratio of 2.48.

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

Unicharm Company Profile

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.