Unicharm (OTCMKTS:UNICY) Shares Gap Up – Still a Buy?

Unicharm (OTCMKTS:UNICY)’s share price gapped up prior to trading on Friday . The stock had previously closed at $3.04, but opened at $3.21. Unicharm shares last traded at $3.21, with a volume of 263 shares changing hands.

Wall Street Analysts Forecast Growth

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

Unicharm Price Performance

The stock has a market capitalization of $10.69 billion, a P/E ratio of 23.63 and a beta of 0.29. The business’s 50 day simple moving average is $3.03 and its two-hundred day simple moving average is $3.00. The company has a quick ratio of 2.06, a current ratio of 2.48 and a debt-to-equity ratio of 0.01.

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

About Unicharm

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.