JFB Construction (NASDAQ:JFB) Announces Earnings Results

JFB Construction (NASDAQ:JFB) issued its quarterly earnings results on Thursday. The company reported ($0.25) earnings per share for the quarter, Zacks reports. The company had revenue of $10.47 million during the quarter. JFB Construction had a negative net margin of 24.39% and a negative return on equity of 43.09%.

JFB Construction Stock Down 0.4%

JFB traded down $0.02 during trading on Friday, reaching $5.26. The company’s stock had a trading volume of 146,589 shares, compared to its average volume of 263,425. The firm has a fifty day simple moving average of $6.14 and a two-hundred day simple moving average of $5.28. JFB Construction has a 1 year low of $2.30 and a 1 year high of $17.55. The company has a market cap of $74.74 million, a price-to-earnings ratio of -27.68 and a beta of 3.18.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of JFB. Nomura Holdings Inc. purchased a new position in JFB Construction in the 3rd quarter worth approximately $258,000. Geode Capital Management LLC lifted its stake in JFB Construction by 21.1% in the 4th quarter. Geode Capital Management LLC now owns 12,434 shares of the company’s stock worth $182,000 after purchasing an additional 2,168 shares in the last quarter. Marshall Wace LLP purchased a new position in JFB Construction in the 4th quarter worth approximately $604,000. Finally, 683 Capital Management LLC purchased a new position in JFB Construction in the 4th quarter worth approximately $389,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of JFB Construction in a research note on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, JFB Construction currently has an average rating of “Sell”.

About JFB Construction

JFB is a commercial and residential real estate construction and development company. The Company’s management is dedicated to delivering high-quality services to commercial and residential markets, such as retail corporate buildouts, multifamily community developments and luxury residential homes, with a focus on fostering long-term relationships with clients, partners, and communities. Our comprehensive suite of services encompasses everything from initial project planning and design to the final stages of construction and project management.