Jfe Holdings Inc. (OTCMKTS:JFEEF – Get Free Report) was the recipient of a significant decline in short interest in July. As of July 31st, there was short interest totaling 1,157,812 shares, a decline of 51.9% from the July 15th total of 2,406,231 shares. Currently, 0.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 129 shares, the short-interest ratio is currently 8,975.3 days.
JFE Price Performance
JFE stock remained flat at $10.73 during mid-day trading on Tuesday. JFE has a 52-week low of $9.45 and a 52-week high of $15.00. The company has a current ratio of 1.71, a quick ratio of 0.89 and a debt-to-equity ratio of 0.58. The stock has a market cap of $1.98 billion, a price-to-earnings ratio of 11.75 and a beta of 0.26. The business has a fifty day moving average price of $10.47 and a 200 day moving average price of $11.67.
JFE (OTCMKTS:JFEEF – Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.19 by $0.10. The business had revenue of $7.14 billion for the quarter, compared to analyst estimates of $7.19 billion. JFE had a return on equity of 3.54% and a net margin of 2.05%.
About JFE
JFE Holdings, Inc (OTCMKTS: JFEEF) is a Tokyo‐based steel and engineering conglomerate that ranks among the largest industrial groups in Japan. The company operates primarily through two main segments: JFE Steel, which manufactures a broad range of steel products including flat‐rolled steel, long steel products and plates, and JFE Engineering, which provides environmental and resource treatment facilities as well as infrastructure systems. Serving key industries such as automotive, construction, shipbuilding and energy, JFE Holdings combines advanced steelmaking expertise with engineering services to support a wide array of global customers.
Formed in September 2002 through the merger of NKK Corporation and Kawasaki Steel Corporation, JFE Holdings built on a legacy of technical innovation spanning more than a century.
Featured Stories
- Five stocks we like better than JFE
- The AI Boom Is Turning This Cable Maker Into a Stock to Watch
- A Star Investor Just Trimmed Amazon—Here’s What It means
- Wendy’s Deal Buzz May Give Fast-Food Investors a New Reason to Look
- Home Depot Analysts See a Path to $375 and Beyond
Receive News & Ratings for JFE Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JFE and related companies with MarketBeat.com's FREE daily email newsletter.
