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

Jollibee Foods Co. (OTCMKTS:JBFCY) gapped up before the market opened on Tuesday. The stock had previously closed at $8.60, but opened at $9.11. Jollibee Foods shares last traded at $9.11, with a volume of 306 shares.

Jollibee Foods Trading Up 5.9%

The company has a quick ratio of 0.69, a current ratio of 0.94 and a debt-to-equity ratio of 1.62. The stock has a fifty day simple moving average of $9.29 and a 200 day simple moving average of $10.77. The firm has a market capitalization of $2.55 billion and a P/E ratio of 15.71.

Jollibee Foods (OTCMKTS:JBFCY) last announced its quarterly 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 for the quarter. Jollibee Foods had a net margin of 3.16% and a return on equity of 14.04%. As a group, research analysts forecast that Jollibee Foods Co. will post 0.54 EPS for the current 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.