Pigeon (OTCMKTS:PGENY) Sees Unusually-High Trading Volume - Here's What Happened

Key Points

• Pigeon Corp (OTCMKTS:PGENY) experienced a significant increase in trading volume, with a 620% rise to 4,859 shares on Thursday compared to the prior session.
• The company's stock price rose by 3.7%, currently trading at $2.51, with a market capitalization of $1.20 billion.
• Pigeon Corp reported an EPS of $0.04 for the last quarter, with revenues of $197.33 million, exceeding analyst estimates of $195.90 million.

Shares of Pigeon Corp (OTCMKTS:PGENY - Get Free Report) saw an uptick in trading volume on Thursday . 4,859 shares changed hands during mid-day trading, an increase of 620% from the previous session's volume of 675 shares.The stock last traded at $2.51 and had previously closed at $2.50.

Pigeon Stock Up 3.7%

The company has a market capitalization of $1.20 billion, a P/E ratio of 19.31 and a beta of 0.08. The business has a fifty day moving average price of $2.93 and a 200 day moving average price of $2.97.

Pigeon (OTCMKTS:PGENY - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.04 EPS for the quarter. The company had revenue of $197.33 million for the quarter, compared to analyst estimates of $195.90 million. Pigeon had a return on equity of 11.95% and a net margin of 8.82%. As a group, equities analysts forecast 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.

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