JFE (OTCMKTS:JFEEF) Shares Gap Down – What’s Next?

Shares of Jfe Holdings Inc. (OTCMKTS:JFEEF) gapped down before the market opened on Friday . The stock had previously closed at $11.25, but opened at $10.14. JFE shares last traded at $10.8250, with a volume of 750 shares traded.

JFE Stock Performance

The stock’s 50-day moving average is $12.84 and its 200-day moving average is $12.68. The firm has a market capitalization of $2.00 billion, a price-to-earnings ratio of 20.70 and a beta of 0.34. The company has a current ratio of 1.71, a quick ratio of 0.89 and a debt-to-equity ratio of 0.58.

JFE (OTCMKTS:JFEEF) last released its quarterly earnings data on Thursday, February 5th. The company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.18. JFE had a net margin of 1.15% and a return on equity of 2.03%. The business had revenue of $7.34 billion during the quarter, compared to analysts’ expectations of $7.51 billion.

JFE Company Profile

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.