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

Unicharm (OTCMKTS:UNICY) gapped up before the market opened on Thursday. The stock had previously closed at $3.1050, but opened at $3.29. Unicharm shares last traded at $3.1925, with a volume of 2,001 shares trading hands.

Analysts Set New Price Targets

Separately, Jefferies Financial Group lowered shares of Unicharm from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 31st. Two research analysts have rated the stock with a Hold rating. Based on data from MarketBeat, Unicharm has a consensus rating of “Hold”.

Unicharm Stock Performance

The business’s 50-day simple moving average is $3.06 and its 200 day simple moving average is $3.00. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.98 and a current ratio of 2.48. The firm has a market cap of $11.14 billion, a P/E ratio of 24.62 and a beta of 0.30.

Unicharm (OTCMKTS:UNICY) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.04 EPS for the quarter. The company had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.59 billion. Unicharm had a net margin of 6.65% and a return on equity of 7.19%. As a group, equities 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 hygiene products. Its portfolio includes baby and child-care products, feminine-care products, adult incontinence products, facial tissues, cleaning products, and disposable masks.

The company also operates a pet-care business, offering products such as disposable pet toilet systems, absorbent sheets, diapers, and other animal-care items. Unicharm sells its products under brands including Moony, MamyPoko, Sofy, Lifree, and Deo-Toilet, among others.

Founded in Japan in 1961 by Keiichiro Takahara, Unicharm has expanded beyond its domestic market to serve consumers across Asia and other international regions, including parts of the Middle East, the Americas, and Europe.