Kimberly-Clark de Mexico SAB de CV (OTCMKTS:KCDMY) Sees Large Volume Increase – Here’s What Happened

Kimberly-Clark de Mexico SAB de CV (OTCMKTS:KCDMY) shares saw strong trading volume on Wednesday . 114,272 shares traded hands during trading, an increase of 116% from the previous session’s volume of 52,867 shares.The stock last traded at $11.51 and had previously closed at $11.4499.

Analysts Set New Price Targets

Separately, Itau BBA Securities downgraded shares of Kimberly-Clark de Mexico SAB de CV from an “outperform” rating to a “market perform” rating in a research note on Wednesday, February 18th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Kimberly-Clark de Mexico SAB de CV Price Performance

The stock has a 50-day simple moving average of $11.80 and a 200 day simple moving average of $10.75. The company has a market cap of $7.15 billion, a PE ratio of 17.61 and a beta of 0.76. The company has a quick ratio of 0.97, a current ratio of 1.27 and a debt-to-equity ratio of 3.60.

Kimberly-Clark de Mexico SAB de CV (OTCMKTS:KCDMY) last released its quarterly earnings results on Thursday, January 22nd. The basic materials company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.02. The business had revenue of $794.62 million during the quarter, compared to analysts’ expectations of $797.86 million. Kimberly-Clark de Mexico SAB de CV had a return on equity of 188.20% and a net margin of 13.71%.

Kimberly-Clark de Mexico SAB de CV Company Profile

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.