Kimberly-Clark de Mexico SAB de CV (OTCMKTS:KCDMY) Stock Crosses Below 50-Day Moving Average – Here’s Why

Kimberly-Clark de Mexico SAB de CV (OTCMKTS:KCDMY) shares passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $9.91 and traded as low as $9.8020. Kimberly-Clark de Mexico SAB de CV shares last traded at $10.17, with a volume of 22,206 shares.

Wall Street Analysts Forecast Growth

Separately, Itau BBA Securities upgraded shares of Kimberly-Clark de Mexico SAB de CV from a “market perform” rating to an “outperform” rating in a report on Tuesday, November 4th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy”.

Kimberly-Clark de Mexico SAB de CV Trading Up 2.2%

The company has a quick ratio of 0.97, a current ratio of 1.19 and a debt-to-equity ratio of 4.62. The stock has a market cap of $6.25 billion, a price-to-earnings ratio of 16.67 and a beta of 0.77. The company’s fifty day moving average is $9.91 and its two-hundred day moving average is $9.51.

Kimberly-Clark de Mexico SAB de CV (OTCMKTS:KCDMY) last announced its quarterly earnings data on Thursday, October 23rd. The basic materials company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.01). The firm had revenue of $728.43 million during the quarter, compared to analyst estimates of $723.40 million. Kimberly-Clark de Mexico SAB de CV had a net margin of 13.02% and a return on equity of 145.62%.

Kimberly-Clark de Mexico SAB de CV Announces Dividend

The business also recently announced a dividend, which was paid on Thursday, October 9th. Stockholders of record on Thursday, October 2nd were issued a $0.1121 dividend. The ex-dividend date was Wednesday, October 1st. This represents a dividend yield of 424.0%. Kimberly-Clark de Mexico SAB de CV’s dividend payout ratio is presently 18.03%.

About Kimberly-Clark de Mexico SAB de CV

Kimberly-Clark de México, S. A. B. de C. V., together with its subsidiaries, manufactures, distributes, and markets disposable products in Mexico. The company offers baby diapers, training pants, swim pants, wet wipes, shampoos, creams, bar soaps, and feeding products. It also provides toilet papers, napkins, facial tissues, paper towels, feminine pads, panty liners, tampons, intimate wipes, and menstrual cups.