Kimberly-Clark de Mexico SAB de CV (OTCMKTS:KCDMY) Shares Pass Above Fifty Day Moving Average – Here’s What Happened

Kimberly-Clark de Mexico SAB de CV (OTCMKTS:KCDMY)’s share price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $11.08 and traded as high as $11.8099. Kimberly-Clark de Mexico SAB de CV shares last traded at $11.6850, with a volume of 33,212 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, HSBC downgraded Kimberly-Clark de Mexico SAB de CV from a “buy” rating to a “hold” rating in a research note on Wednesday, April 29th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

Kimberly-Clark de Mexico SAB de CV Price Performance

The company has a debt-to-equity ratio of 11.44, a quick ratio of 1.36 and a current ratio of 1.55. The company has a market capitalization of $7.34 billion, a PE ratio of 16.14 and a beta of 0.67. The company’s 50-day simple moving average is $11.11 and its 200-day simple moving average is $11.51.

Kimberly-Clark de Mexico SAB de CV (OTCMKTS:KCDMY) last announced its earnings results on Tuesday, July 21st. The basic materials company reported $0.20 EPS for the quarter, meeting analysts’ consensus estimates 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 business had revenue of $830.35 million during the quarter, compared to analysts’ expectations 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.