Hypermarcas (OTCMKTS:HYPMY) Stock Crosses Above 50 Day Moving Average – Here’s Why

Hypermarcas (OTCMKTS:HYPMY)’s stock price crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $4.51 and traded as high as $4.51. Hypermarcas shares last traded at $4.41, with a volume of 33,566 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised shares of Hypermarcas to a “hold” rating in a research note on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy”.

Hypermarcas Stock Up 0.2%

The company has a current ratio of 1.27, a quick ratio of 0.84 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $3.10 billion, a P/E ratio of 9.19 and a beta of 0.73. The company’s fifty day simple moving average is $4.51 and its 200 day simple moving average is $4.52.

Hypermarcas (OTCMKTS:HYPMY) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $0.10 earnings per share (EPS) for the quarter. The company had revenue of $383.13 million during the quarter. Hypermarcas had a net margin of 19.41% and a return on equity of 14.08%. Research analysts expect that Hypermarcas will post 0.53 EPS for the current year.

About Hypermarcas

Hypermarcas SA is a Brazil-based consumer health and pharmaceutical company whose shares trade over the counter in the United States under the symbol HYPMY. Founded in the early 2000s and headquartered in Rio de Janeiro, the company operates as a holding group for a broad portfolio of branded products in the healthcare and personal care sectors.

Through its various subsidiaries, Hypermarcas develops, manufactures and markets prescription and over-the-counter medications, alongside personal care, baby care, home care and nutritional supplement products.