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

Shares of Pigeon Corp (OTCMKTS:PGENY) gapped up prior to trading on Friday. The stock had previously closed at $2.8632, but opened at $3.3350. Pigeon shares last traded at $3.3350, with a volume of 100 shares changing hands.

Pigeon Trading Up 3.9%

The company has a fifty day moving average of $3.14 and a two-hundred day moving average of $3.02. The stock has a market capitalization of $1.60 billion, a price-to-earnings ratio of 27.79 and a beta of 0.07.

Pigeon (OTCMKTS:PGENY) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.04 EPS for the quarter. Pigeon had a return on equity of 11.11% and a net margin of 8.01%. The company had revenue of $196.22 million for the quarter. As a group, sell-side analysts predict that Pigeon Corp will post 0.13 earnings per share for the current fiscal year.

Pigeon Company Profile

Pigeon Corporation is a Japan-based manufacturer of products and services for babies, mothers and families. Its portfolio includes nursing bottles and breastfeeding accessories, baby toiletries, feeding products, diapers, wipes, toys and other maternity and child-care goods.

The company also provides products for women’s health and wellness, as well as supplies for older adults and people requiring nursing care. Pigeon sells its products through retail stores, e-commerce channels and other distribution partners under the Pigeon brand and related product lines.

Founded in 1957 and headquartered in Tokyo, Pigeon serves customers in Japan and international markets, including other parts of Asia and selected regions in North America and Europe.