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

Pigeon Corp (OTCMKTS:PGENY) shares 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 Stock Up 3.9%

The firm has a market cap of $1.60 billion, a price-to-earnings ratio of 27.79 and a beta of 0.07. The company has a 50-day moving average price of $3.14 and a 200 day moving average price of $3.02.

Pigeon (OTCMKTS:PGENY) last issued its earnings results on Thursday, August 6th. The company reported $0.04 earnings per share (EPS) for the quarter. The company had revenue of $196.22 million during the quarter. Pigeon had a net margin of 8.01% and a return on equity of 11.11%. Equities analysts forecast that Pigeon Corp will post 0.13 EPS for the current year.

About Pigeon

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.