Jollibee Foods (OTCMKTS:JBFCY) Stock Jumps 7.9% – Time to Buy?

Jollibee Foods Co. (OTCMKTS:JBFCY) shares rose 7.9% during trading on Wednesday. The company traded as high as $9.50 and last traded at $9.50. 411 shares changed hands during mid-day trading, a decline of 89% from the average daily volume of 3,715 shares. The stock had previously closed at $8.8050.

Jollibee Foods Stock Up 8.0%

The stock has a market cap of $2.66 billion and a P/E ratio of 16.38. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.69 and a current ratio of 0.94. The stock’s fifty day simple moving average is $9.49 and its 200-day simple moving average is $9.74.

Jollibee Foods (OTCMKTS:JBFCY) last issued its earnings results on Wednesday, September 16th. The company reported $0.19 EPS for the quarter. Jollibee Foods had a net margin of 3.16% and a return on equity of 14.04%. The company had revenue of $1.40 billion during the quarter. As a group, research analysts forecast that Jollibee Foods Co. will post 0.54 earnings per share for the current fiscal year.

About Jollibee Foods

Jollibee Foods Corporation (OTCMKTS:JBFCY) is a Philippine-based food service company that operates and franchises quick-service restaurants, coffee shops and other restaurant concepts. Its flagship Jollibee brand is known for products such as fried chicken, burgers, sweet-style spaghetti, breakfast meals and other Filipino-inspired menu items.

The company’s portfolio also includes brands such as Chowking, Mang Inasal, Greenwich, Red Ribbon, The Coffee Bean & Tea Leaf and Highlands Coffee, along with other regional and international concepts.