Unicharm (OTCMKTS:UNICY) Shares Gap Up – Here’s Why

Unicharm (OTCMKTS:UNICY) shares gapped up prior to trading on Thursday. The stock had previously closed at $3.1050, but opened at $3.29. Unicharm shares last traded at $3.1925, with a volume of 2,001 shares.

Analysts Set New Price Targets

Separately, Jefferies Financial Group lowered Unicharm from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 31st. Two research analysts have rated the stock with a Hold rating. Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

Unicharm Stock Performance

The company has a current ratio of 2.48, a quick ratio of 1.98 and a debt-to-equity ratio of 0.01. The company has a market cap of $11.09 billion, a P/E ratio of 24.51 and a beta of 0.30. The business’s 50 day simple moving average is $3.06 and its 200 day simple moving average is $3.00.

Unicharm (OTCMKTS:UNICY) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.04 earnings per share for the quarter. The business had revenue of $1.59 billion during 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%. Sell-side 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 hygiene products. Its portfolio includes baby and child-care products, feminine-care products, adult incontinence products, facial tissues, cleaning products, and disposable masks.

The company also operates a pet-care business, offering products such as disposable pet toilet systems, absorbent sheets, diapers, and other animal-care items. Unicharm sells its products under brands including Moony, MamyPoko, Sofy, Lifree, and Deo-Toilet, among others.

Founded in Japan in 1961 by Keiichiro Takahara, Unicharm has expanded beyond its domestic market to serve consumers across Asia and other international regions, including parts of the Middle East, the Americas, and Europe.