Jewett-Cameron Trading (NASDAQ:JCTC) Posts Earnings Results

Jewett-Cameron Trading (NASDAQ:JCTC) announced its earnings results on Tuesday. The company reported ($0.23) EPS for the quarter, FiscalAI reports. The business had revenue of $9.85 million for the quarter. Jewett-Cameron Trading had a negative return on equity of 33.33% and a negative net margin of 19.19%.

Jewett-Cameron Trading Stock Performance

JCTC traded up $0.09 during trading on Tuesday, reaching $2.65. 27,240 shares of the stock were exchanged, compared to its average volume of 26,211. The stock’s 50 day moving average price is $2.17 and its two-hundred day moving average price is $2.01. Jewett-Cameron Trading has a twelve month low of $1.54 and a twelve month high of $4.02. The stock has a market cap of $9.33 million, a P/E ratio of -1.15 and a beta of 0.36.

Insider Buying and Selling at Jewett-Cameron Trading

In other Jewett-Cameron Trading news, major shareholder Melinda Hodges Bradley purchased 17,500 shares of the business’s stock in a transaction on Tuesday, June 30th. The stock was acquired at an average price of $2.38 per share, with a total value of $41,650.00. Following the acquisition, the insider directly owned 371,007 shares of the company’s stock, valued at $882,996.66. This trade represents a 4.95% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Ajb Investment Fund Ii, Lp purchased 34,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 7th. The stock was bought at an average price of $2.51 per share, for a total transaction of $85,340.00. Following the purchase, the insider owned 416,016 shares in the company, valued at $1,044,200.16. The trade was a 8.90% increase in their position. The SEC filing for this purchase provides additional information. Over the last quarter, insiders bought 52,171 shares of company stock worth $128,592 and sold 25,000 shares worth $62,990. Corporate insiders own 1.33% of the company’s stock.

Institutional Investors Weigh In On Jewett-Cameron Trading

Institutional investors have recently made changes to their positions in the company. Citadel Advisors LLC bought a new position in shares of Jewett-Cameron Trading during the third quarter worth approximately $77,000. DRW Securities LLC bought a new stake in Jewett-Cameron Trading in the 4th quarter valued at $44,000. Finally, Susquehanna International Group LLP acquired a new position in Jewett-Cameron Trading in the 3rd quarter valued at $54,000. Institutional investors own 26.05% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of Jewett-Cameron Trading from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, July 2nd. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Jewett-Cameron Trading presently has a consensus rating of “Sell”.

About Jewett-Cameron Trading

Jewett-Cameron Trading Company Ltd. is a supplier of `Value-added` building materials to major home improvement center chains in the western United States. The Company concentrates on the residential repair and remodeling segment of the building materials industry.