Hypermarcas (OTCMKTS:HYPMY) Shares Gap Down - Here's What Happened

Key Points

• Hypermarcas shares gapped down to $4.41 at the start of trading, down from a previous close of $4.64, with a trading volume of 469 shares.
• Scotiabank has upgraded Hypermarcas to a "strong-buy" rating, contributing to an average rating of "Strong Buy" among analysts.
• The company recently declared a dividend of $0.0345, which represents an impressive yield of 281.0%, set to be paid on January 8th.

Hypermarcas (OTCMKTS:HYPMY - Get Free Report) gapped down before the market opened on Thursday . The stock had previously closed at $4.64, but opened at $4.41. Hypermarcas shares last traded at $4.41, with a volume of 469 shares.

Wall Street Analysts Forecast Growth

Separately, Scotiabank upgraded Hypermarcas to a "strong-buy" rating in a research note on Thursday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, Hypermarcas currently has an average rating of "Strong Buy".

Hypermarcas Stock Down 3.0%

The firm has a market cap of $2.78 billion, a PE ratio of 20.91 and a beta of 0.86. The company has a quick ratio of 0.80, a current ratio of 1.26 and a debt-to-equity ratio of 0.63. The firm's 50 day moving average is $4.45 and its 200-day moving average is $4.20.

Hypermarcas (OTCMKTS:HYPMY - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.12 earnings per share for the quarter. Hypermarcas had a return on equity of 6.19% and a net margin of 11.28%.

About Hypermarcas

Hypera SA operates as a pharmaceutical company in Brazil. It offers prescription products under the Adacne, Addera, apri, AmpliumG, please, Celestamine, Celestone, Celestone Soluspan, Cizax, deciprax, Derive C Micro, Micro Drift, Dermotil Fusid, Digedrat, diprogent, Diprosalic, Diprosone, diprospan, Emprol XR, Flow, Garasone, Halobex, Lipanon, moon, Lydian, macrodantin, Max Sulid, milgamma, Mioflex A, nesina, Novotram, oximax, peridal, Peridal Suspension, PredSim, Pressaliv, Quadriderm, Rizi, Rizi M, softalm, tacroz, tinodin, umma, and velunid brands.