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

Shares of Unicharm (OTCMKTS:UNICY) gapped up before the market opened on Monday. The stock had previously closed at $3.23, but opened at $3.44. Unicharm shares last traded at $3.30, with a volume of 3,247 shares.

Analyst Ratings Changes

Separately, Jefferies Financial Group downgraded shares of 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. According to data from MarketBeat, Unicharm currently has an average rating of “Hold”.

Unicharm Stock Up 2.8%

The business’s fifty day moving average price is $3.09 and its two-hundred day moving average price is $3.03. 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 firm has a market cap of $11.55 billion, a P/E ratio of 25.54 and a beta of 0.30.

Unicharm (OTCMKTS:UNICY) last announced its earnings results on Wednesday, August 5th. The company reported $0.04 earnings per share (EPS) for the quarter. Unicharm had a net margin of 6.65% and a return on equity of 7.19%. The business had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.59 billion. As a group, equities research analysts anticipate that Unicharm will post 0.13 EPS for the current year.

About Unicharm

Unicharm Corporation is a Japan-based manufacturer of personal care and household products. Its principal businesses include baby and child care, feminine care, adult incontinence care, household cleaning and hygiene products, and pet care. The company sells products under brands such as Moony, Sofy, Lifree, and Deo-Toilet, although brand availability varies by market.

Founded in 1961 as Taisei Kako Co, Ltd., the company initially produced building materials before expanding into sanitary products.