Jollibee Foods (OTCMKTS:JBFCY) Shares Gap Down – What’s Next?

Jollibee Foods Co. (OTCMKTS:JBFCY – Get Free Report)’s stock price gapped down before the market opened on Thursday. The stock had previously closed at $9.36, but opened at $8.7050. Jollibee Foods shares last traded at $9.00, with a volume of 383 shares trading hands.

Jollibee Foods Stock Up 1.4%

The company’s 50 day simple moving average is $9.75 and its two-hundred day simple moving average is $10.21.

Jollibee Foods (OTCMKTS:JBFCY – Get Free Report) last issued its quarterly earnings results on Wednesday, September 16th. The company reported $0.19 earnings per share (EPS) for the quarter. The business had revenue of $1.40 billion for the quarter. Equities research analysts anticipate that Jollibee Foods Co. will post 0.54 EPS for the current year.

Jollibee Foods Company Profile

(Get Free Report)

Jollibee Foods Corporation is a Philippine-based food service company that operates and franchises quick-service restaurants and other food retail concepts. Its flagship Jollibee brand serves chicken, burgers, noodles, rice meals, breakfast items, desserts and beverages, with operations in the Philippines and international markets.

The company’s portfolio also includes brands such as Chowking, a Chinese-style quick-service restaurant; Greenwich, which specializes in pizza and pasta; Red Ribbon, a bakery and cake business; and Mang Inasal, known for grilled chicken and Filipino dishes.

Further Reading

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