Pigeon (OTCMKTS:PGENY) Shares Gap Down – Should You Sell?

Pigeon Corp (OTCMKTS:PGENY) shares gapped down prior to trading on Monday . The stock had previously closed at $3.20, but opened at $2.80. Pigeon shares last traded at $2.80, with a volume of 3,500 shares traded.

Pigeon Stock Up 7.7%

The stock has a market cap of $1.34 billion, a P/E ratio of 21.54 and a beta of 0.11. The firm has a 50 day moving average price of $2.90 and a 200 day moving average price of $2.96.

Pigeon (OTCMKTS:PGENY) last released its earnings results on Thursday, November 6th. The company reported $0.03 earnings per share (EPS) for the quarter. Pigeon had a net margin of 8.82% and a return on equity of 11.95%. The company had revenue of $181.70 million during the quarter. Equities analysts predict that Pigeon Corp will post 0.12 earnings per share for the current fiscal year.

Pigeon Company Profile

Pigeon Corporation, together with its subsidiaries, engages in the manufacture, sale, import, and export of baby and child-care products, maternity items, women’s care products, home healthcare products, and nursing care products in Japan and internationally. The company operates in four segments: Japan Business, China Business, Singapore Business, and Lansinoh Business.