Jollibee Foods (OTCMKTS:JBFCY) Shares Gap Up – Here’s Why

Jollibee Foods Co. (OTCMKTS:JBFCY)’s share price gapped up prior to trading on Tuesday. The stock had previously closed at $8.80, but opened at $9.10. Jollibee Foods shares last traded at $9.10, with a volume of 500 shares traded.

Jollibee Foods Price Performance

The stock has a market cap of $2.58 billion and a PE ratio of 15.17. The business’s 50-day simple moving average is $9.47 and its 200-day simple moving average is $9.72. The company has a quick ratio of 0.69, a current ratio of 0.94 and a debt-to-equity ratio of 1.62.

Jollibee Foods (OTCMKTS:JBFCY) last posted its earnings results on Wednesday, September 16th. The company reported $0.19 earnings per share for the quarter. The company had revenue of $1.40 billion during the quarter. Jollibee Foods had a net margin of 3.16% and a return on equity of 14.04%. On average, research analysts expect that Jollibee Foods Co. will post 0.54 EPS for the current fiscal year.

About Jollibee Foods

Jollibee Foods Corporation (OTCMKTS:JBFCY) is a Philippine-based food service company that operates and franchises quick-service restaurants, coffee shops and other restaurant concepts. Its flagship Jollibee brand is known for products such as fried chicken, burgers, sweet-style spaghetti, breakfast meals and other Filipino-inspired menu items.

The company’s portfolio also includes brands such as Chowking, Mang Inasal, Greenwich, Red Ribbon, The Coffee Bean & Tea Leaf and Highlands Coffee, along with other regional and international concepts.