Kimberly-Clark de Mexico SAB de CV (OTCMKTS:KCDMY) Shares Gap Down – Here’s Why

Shares of Kimberly-Clark de Mexico SAB de CV (OTCMKTS:KCDMY) gapped down prior to trading on Wednesday . The stock had previously closed at $11.69, but opened at $11.00. Kimberly-Clark de Mexico SAB de CV shares last traded at $11.70, with a volume of 7,192 shares.

Wall Street Analysts Forecast Growth

Separately, HSBC cut Kimberly-Clark de Mexico SAB de CV from a “buy” rating to a “hold” rating in a research note on Wednesday, April 29th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Kimberly-Clark de Mexico SAB de CV currently has a consensus rating of “Hold”.

Kimberly-Clark de Mexico SAB de CV Stock Down 0.9%

The business’s fifty day moving average is $11.01 and its two-hundred day moving average is $11.46. The stock has a market cap of $7.13 billion, a price-to-earnings ratio of 15.66 and a beta of 0.67. The company has a quick ratio of 1.36, a current ratio of 1.55 and a debt-to-equity ratio of 11.44.

Kimberly-Clark de Mexico SAB de CV (OTCMKTS:KCDMY) last issued its quarterly earnings results on Tuesday, July 21st. The basic materials company reported $0.20 EPS for the quarter, meeting the consensus estimate of $0.20. The company had revenue of $830.35 million during the quarter, compared to analysts’ expectations of $839.55 million. Kimberly-Clark de Mexico SAB de CV had a net margin of 14.11% and a return on equity of 164.54%.

About Kimberly-Clark de Mexico SAB de CV

Kimberly-Clark de México, SAB. de C.V. operates as one of the leading manufacturers of personal care and paper‐based products in Mexico. As a locally managed subsidiary of the global Kimberly-Clark Corporation, the company focuses on the production, marketing and distribution of consumer staples designed for everyday use, ranging from facial and bathroom tissue to diapers and feminine care items.

The company’s portfolio includes well-known brands such as Kleenex and Scott for tissue products, Huggies for baby care, Kotex for feminine hygiene and Depend for adult incontinence.