Zacks Investment Research downgraded shares of PIGEON CORP/ADR (OTCMKTS:PGENY) from a buy rating to a hold rating in a report released on Wednesday morning.

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. “

Shares of OTCMKTS PGENY opened at $10.44 on Wednesday. The stock has a market cap of $5.08 billion, a PE ratio of 40.15, a price-to-earnings-growth ratio of 2.90 and a beta of 1.16. PIGEON CORP/ADR has a 1 year low of $9.33 and a 1 year high of $14.38.

About PIGEON CORP/ADR

Pigeon Corporation manufactures, sells, imports, and exports baby and child-care products, maternity items, women's care products, home healthcare products, elder care products, etc. in Japan and internationally. The company operates through Domestic Baby & Mother Care Business, Child Care Service Business, Health & Elder Care Business, Overseas Business, China Business, and Other segments.

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