Unicharm (OTCMKTS:UNICY) Shares Gap Up – Time to Buy?

Unicharm (OTCMKTS:UNICY) shares gapped up before the market opened 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 traded.

Wall Street Analyst Weigh In

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

Unicharm Stock Up 1.5%

The company’s fifty day moving average price is $3.06 and its 200-day moving average price is $3.00. The stock has a market capitalization of $11.09 billion, a PE ratio of 24.51 and a beta of 0.30. The company has a quick ratio of 1.98, a current ratio of 2.48 and a debt-to-equity ratio of 0.01.

Unicharm (OTCMKTS:UNICY) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.04 earnings per share for the quarter. Unicharm had a return on equity of 7.19% and a net margin of 6.65%. The firm had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.59 billion. Analysts forecast that Unicharm will post 0.13 earnings per share for the current 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.