Unicharm (OTCMKTS:UNICY) Shares Gap Down – What’s Next?

Shares of Unicharm (OTCMKTS:UNICY) gapped down prior to trading on Wednesday . The stock had previously closed at $3.0750, but opened at $2.9601. Unicharm shares last traded at $3.05, with a volume of 616 shares changing hands.

Analyst Ratings Changes

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

Unicharm Stock Down 0.2%

The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.98 and a current ratio of 2.48. The firm has a fifty day simple moving average of $3.03 and a 200-day simple moving average of $2.99. The firm has a market cap of $10.68 billion, a price-to-earnings ratio of 23.62 and a beta of 0.29.

Unicharm (OTCMKTS:UNICY) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.04 earnings per share for the quarter. The company had revenue of $1.59 billion for 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%. As a group, sell-side analysts expect 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.