Pigeon (OTCMKTS:PGENY) Shares Gap Down – Here’s Why

Pigeon Corp (OTCMKTS:PGENY) shares gapped down before the market opened on Wednesday . The stock had previously closed at $3.20, but opened at $2.95. Pigeon shares last traded at $2.95, with a volume of 162 shares traded.

Pigeon Trading Down 11.1%

The company has a market cap of $1.41 billion, a P/E ratio of 24.58 and a beta of 0.13. The business has a 50 day moving average price of $3.09 and a 200-day moving average price of $2.78.

Pigeon (OTCMKTS:PGENY) last released its earnings results on Thursday, August 6th. The company reported $0.04 earnings per share for the quarter. Pigeon had a net margin of 8.01% and a return on equity of 11.12%. The business had revenue of $196.22 million during the quarter. On average, sell-side analysts expect that Pigeon Corp will post 0.12 earnings per share for the current year.

About Pigeon

Pigeon Corporation (OTCMKTS:PGENY) is a Japan-based company specializing in the development, manufacture and sale of mother and baby care products. Founded in 1957, Pigeon has built a reputation for producing high-quality feeding and nursing supplies designed to support infant health and maternal comfort. The company’s product portfolio spans feeding bottles and nipples, pacifiers, breast pumps, and related accessories, emphasizing safety and ease of use backed by extensive research and development.

Beyond feeding and nursing equipment, Pigeon offers a range of baby skincare items, including gentle cleansers, lotions and diaper rash creams formulated to address the sensitive skin of infants.