Pigeon (OTCMKTS:PGENY) Shares Gap Down - Here's What Happened

Key Points

• Pigeon Corp shares opened lower at $2.42, down from the previous close of $2.50, reflecting a 3.2% decline in trading.
• The company reported earnings of $0.04 per share for the last quarter, surpassing analysts' expectations of $0.12 for the current fiscal year.
• Pigeon Corp has a market capitalization of $1.16 billion and operates in several segments including Japan, China, Singapore, and Lansinoh businesses.

Pigeon Corp (OTCMKTS:PGENY - Get Free Report) shares gapped down prior to trading on Monday . The stock had previously closed at $2.50, but opened at $2.42. Pigeon shares last traded at $2.42, with a volume of 1,100 shares.

Pigeon Trading Down 3.2%

The business has a fifty day moving average price of $2.95 and a 200-day moving average price of $2.98. The stock has a market capitalization of $1.16 billion, a PE ratio of 18.62 and a beta of 0.08.

Pigeon (OTCMKTS:PGENY - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.04 earnings per share (EPS) for the quarter. Pigeon had a return on equity of 11.95% and a net margin of 8.82%.The firm had revenue of $197.33 million during the quarter, compared to analysts' expectations of $195.90 million. On average, equities analysts anticipate 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.

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