Unicharm (OTCMKTS:UNICY) Shares Gap Up – Time to Buy?

Unicharm (OTCMKTS:UNICY) gapped up prior to trading on Monday. The stock had previously closed at $3.23, but opened at $3.44. Unicharm shares last traded at $3.30, with a volume of 3,247 shares trading hands.

Analyst Ratings Changes

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

Unicharm Stock Up 2.8%

The firm has a market capitalization of $11.55 billion, a P/E ratio of 25.54 and a beta of 0.30. 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 stock has a 50 day moving average of $3.09 and a 200-day moving average of $3.03.

Unicharm (OTCMKTS:UNICY) last posted its earnings results on Wednesday, August 5th. The company reported $0.04 EPS for the quarter. Unicharm had a return on equity of 7.19% and a net margin of 6.65%. The business had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.59 billion. Research analysts predict that Unicharm will post 0.13 earnings per share for the current fiscal year.

Unicharm Company Profile

Unicharm Corporation is a Japan-based manufacturer of personal care and household products. Its principal businesses include baby and child care, feminine care, adult incontinence care, household cleaning and hygiene products, and pet care. The company sells products under brands such as Moony, Sofy, Lifree, and Deo-Toilet, although brand availability varies by market.

Founded in 1961 as Taisei Kako Co, Ltd., the company initially produced building materials before expanding into sanitary products.