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

Key Points

• Kimberly-Clark de Mexico SAB de CV shares gapped down from a previous close of $10.32 to open at $9.71 before last trading at the same price.
• Itau BBA Securities downgraded the stock to a "market perform" rating, contributing to a general consensus rating of "Hold" among analysts.
• The company's debt-to-equity ratio stands at 4.62, and it recently disclosed a significant dividend yield of 485.0%, despite missing quarterly earnings expectations.

Kimberly-Clark de Mexico SAB de CV (OTCMKTS:KCDMY - Get Free Report)'s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $10.32, but opened at $9.71. Kimberly-Clark de Mexico SAB de CV shares last traded at $9.71, with a volume of 335 shares changing hands.

Kimberly-Clark de Mexico SAB de CV Stock Down 4.0%

The firm's 50-day moving average price is $9.69 and its 200 day moving average price is $9.03. The company has a market capitalization of $6.03 billion, a price-to-earnings ratio of 15.81 and a beta of 0.76. The company has a current ratio of 1.19, a quick ratio of 0.97 and a debt-to-equity ratio of 4.62.

Kimberly-Clark de Mexico SAB de CV (OTCMKTS:KCDMY - Get Free Report) last released its quarterly earnings data on Friday, July 18th. The basic materials company reported $0.16 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.17 by ($0.01). The company had revenue of $749.76 million for the quarter, compared to analyst estimates of $14.27 billion. Kimberly-Clark de Mexico SAB de CV had a return on equity of 135.47% and a net margin of 13.36%.

Kimberly-Clark de Mexico SAB de CV Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, July 11th. Shareholders of record on Thursday, July 3rd were given a $0.1121 dividend. This represents a yield of 485.0%. The ex-dividend date was Wednesday, July 2nd. Kimberly-Clark de Mexico SAB de CV's dividend payout ratio is 79.03%.

About Kimberly-Clark de Mexico SAB de CV

Kimberly-Clark de México, S. A. B. de C. V., together with its subsidiaries, manufactures, distributes, and markets disposable products in Mexico. The company offers baby diapers, training pants, swim pants, wet wipes, shampoos, creams, bar soaps, and feeding products. It also provides toilet papers, napkins, facial tissues, paper towels, feminine pads, panty liners, tampons, intimate wipes, and menstrual cups.