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

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) gapped down before the market opened 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.

Wall Street Analyst Weigh In

Separately, Itau BBA Securities cut shares of Kimberly-Clark de Mexico SAB de CV to a "market perform" rating in a research report on Wednesday, May 21st. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of "Hold".

Kimberly-Clark de Mexico SAB de CV Price Performance

The company has a debt-to-equity ratio of 4.62, a current ratio of 1.19 and a quick ratio of 0.97. The stock's fifty day moving average is $9.62 and its 200-day moving average is $8.98. The stock has a market cap of $6.40 billion, a PE ratio of 16.78 and a beta of 0.76.

Kimberly-Clark de Mexico SAB de CV (OTCMKTS:KCDMY - Get Free Report) last announced 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 firm had revenue of $749.76 million during the quarter, compared to analysts' expectations of $14.27 billion. Kimberly-Clark de Mexico SAB de CV had a net margin of 13.36% and a return on equity of 135.47%.

Kimberly-Clark de Mexico SAB de CV Cuts Dividend

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

Kimberly-Clark de Mexico SAB de CV Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.