Unicharm (OTCMKTS:UNICY) Shares Up 7.5% – Here’s Why

Unicharm (OTCMKTS:UNICY) was up 7.5% during trading on Thursday. The company traded as high as $3.52 and last traded at $3.5150. 29,916 shares changed hands during mid-day trading, a decline of 91% from the average session volume of 347,603 shares. The stock had previously closed at $3.27.

Analysts Set New Price Targets

Separately, Jefferies Financial Group downgraded Unicharm from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 31st. Two investment analysts have rated the stock with a Hold rating. According to MarketBeat, Unicharm presently has an average rating of “Hold”.

Unicharm Stock Performance

The company has a market capitalization of $12.23 billion, a P/E ratio of 27.04 and a beta of 0.33. The business has a 50 day moving average of $3.10 and a 200 day moving average of $3.04. 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 released its quarterly earnings data on Wednesday, August 5th. The company reported $0.04 earnings per share (EPS) for the quarter. The business had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.59 billion. Unicharm had a return on equity of 7.19% and a net margin of 6.65%. On average, sell-side analysts predict that Unicharm will post 0.13 earnings per share 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.