Kimberly-Clark de Mexico SAB de CV (OTCMKTS:KCDMY) Share Price Passes Above 50 Day Moving Average – Here’s What Happened

Kimberly-Clark de Mexico SAB de CV (OTCMKTS:KCDMY) shares passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $11.08 and traded as high as $11.8099. Kimberly-Clark de Mexico SAB de CV shares last traded at $11.6850, with a volume of 33,212 shares traded.

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 report on Wednesday, April 29th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

Kimberly-Clark de Mexico SAB de CV Price Performance

The company has a current ratio of 1.55, a quick ratio of 1.36 and a debt-to-equity ratio of 11.44. The stock has a market capitalization of $7.19 billion, a P/E ratio of 15.79 and a beta of 0.67. The company has a fifty day simple moving average of $11.08 and a two-hundred day simple moving average of $11.50.

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

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.