Pigeon (OTCMKTS:PGENY) Shares Gap Up – Time to Buy?

Pigeon Corp (OTCMKTS:PGENY) gapped up before the market opened on Tuesday. The stock had previously closed at $3.3350, but opened at $3.6050. Pigeon shares last traded at $3.6050, with a volume of 202 shares traded.

Pigeon Stock Performance

The firm has a market capitalization of $1.70 billion, a price-to-earnings ratio of 25.32 and a beta of 0.12. The stock’s 50 day moving average price is $3.20 and its two-hundred day moving average price is $2.89.

Pigeon (OTCMKTS:PGENY) last released its quarterly earnings data on Thursday, November 5th. The company reported $0.05 earnings per share for the quarter. Pigeon had a return on equity of 12.10% and a net margin of 8.75%. The business had revenue of $189.78 million for the quarter, compared to analysts’ expectations of $188.01 million. On average, sell-side analysts forecast that Pigeon Corp will post 0.13 earnings per share for the current fiscal year.

About Pigeon

Pigeon Corporation is a Japanese company focused on products and services for babies, parents and caregivers. Founded in 1957, it began with nursing bottles and has since developed a broad range of baby-care products. Its offerings include feeding bottles and nipples, breast pumps, baby toiletries and other childcare products, as well as maternity and women’s health products. The company also serves the nursing-care market and provides childcare-related services. Based in Japan, Pigeon serves customers in Japan and international markets, including parts of Asia and other regions.