Kimberly-Clark de Mexico SAB de CV (OTCMKTS:KCDMY) Stock Crosses Above Fifty Day Moving Average – Here’s Why

Kimberly-Clark de Mexico SAB de CV (OTCMKTS:KCDMY) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $11.15 and traded as high as $11.72. Kimberly-Clark de Mexico SAB de CV shares last traded at $11.59, with a volume of 62,251 shares trading hands.

Wall Street Analysts Forecast Growth

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

Kimberly-Clark de Mexico SAB de CV Stock Down 0.8%

The firm has a market cap of $7.13 billion, a price-to-earnings ratio of 15.66 and a beta of 0.67. The business’s 50 day moving average price is $11.15 and its 200 day moving average price is $11.52. The company has a debt-to-equity ratio of 11.44, a quick ratio of 1.36 and a current ratio of 1.55.

Kimberly-Clark de Mexico SAB de CV (OTCMKTS:KCDMY) last posted its earnings results on Tuesday, July 21st. The basic materials company reported $0.20 earnings per share for the quarter, meeting the consensus estimate of $0.20. Kimberly-Clark de Mexico SAB de CV had a net margin of 14.11% and a return on equity of 164.54%. The firm had revenue of $830.35 million during the quarter, compared to analyst estimates of $839.55 million.

About Kimberly-Clark de Mexico SAB de CV

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.