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

Unicharm (OTCMKTS:UNICY) shares 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.

Analysts Set New Price Targets

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

Unicharm Price Performance

The company’s 50-day moving average is $3.03 and its 200-day moving average is $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. The company has a current ratio of 2.48, a quick ratio of 1.98 and a debt-to-equity ratio of 0.01.

Unicharm (OTCMKTS:UNICY) last posted its quarterly 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 company had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.59 billion. Equities research analysts predict that Unicharm will post 0.13 earnings per share for the current year.

Unicharm Company Profile

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.