Zacks Investment Research cut shares of Pigeon (OTCMKTS:PGENY) from a buy rating to a hold rating in a report published on Wednesday.

According to Zacks, “Pigeon Corp. engages in the manufacture, supply and sale of nursing care and child care products. The company operates through Domestic Baby & Mother Care Business, Child-Rearing Support Services, Health Care & Nursing Care Business, Overseas Business, China Business, and Other segments. The Domestic Baby and Mother segment manufacture and sells child care products. It also includes supplements and maternity good. The Child Rearing Support segment operates child care facilities and provides baby-sitting services. The Healthcare and Nursing segment manufacture and sells both health and nursing care products and also provides home-care support services. The Overseas segment manufactures and sells child care and women’s care products for overseas markets. The China segment handles purchased goods sales from businesses in China. The others segment includes the manufacture and sale of child care products to non-group of companies. Pigeon Corp. is headquartered in Tokyo, Japan. “

Pigeon (OTCMKTS:PGENY) traded up $0.11 on Wednesday, hitting $10.20. 5,896 shares of the company were exchanged, compared to its average volume of 901. Pigeon has a 1-year low of $5.90 and a 1-year high of $9.83. The company has a market cap of $4,754.22 and a PE ratio of 25.71.

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