Pigeon (OTCMKTS:PGENY) Sees Large Volume Increase - Still a Buy?

Shares of Pigeon Corp (OTCMKTS:PGENY - Get Free Report) saw strong trading volume on Thursday . 4,759 shares changed hands during mid-day trading, an increase of 534% from the previous session's volume of 751 shares.The stock last traded at $2.85 and had previously closed at $2.85.

Pigeon Price Performance

The stock has a fifty day moving average price of $3.04 and a 200 day moving average price of $2.75. The stock has a market capitalization of $1.36 billion, a P/E ratio of 23.75 and a beta of 0.15.

Pigeon (OTCMKTS:PGENY - Get Free Report) last posted its quarterly earnings results on Tuesday, May 13th. The company reported $0.03 EPS for the quarter. Pigeon had a return on equity of 10.85% and a net margin of 8.33%. The firm had revenue of $165.46 million during the quarter, compared to analyst estimates of $175.52 million. Research analysts anticipate that Pigeon Corp will post 0.12 earnings per share for the current 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.