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

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

Jewett-Cameron Trading Stock Up 3.5%

Shares of NASDAQ:JCTC opened at $2.65 on Wednesday. The stock has a market cap of $9.33 million, a PE ratio of -1.15 and a beta of 0.36. The company’s fifty day moving average is $2.18 and its 200 day moving average is $2.01. Jewett-Cameron Trading has a 52 week low of $1.54 and a 52 week high of $4.02.

Analyst Ratings Changes

Separately, Weiss Ratings raised 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, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Insider Buying and Selling at Jewett-Cameron Trading

In related news, major shareholder Melinda Hodges Bradley acquired 17,500 shares of Jewett-Cameron Trading stock in a transaction dated Tuesday, June 30th. The shares were purchased at an average cost of $2.38 per share, with a total value of $41,650.00. Following the completion of the purchase, the insider owned 371,007 shares of the company’s stock, valued at $882,996.66. This represents a 4.95% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Community Foundation Oregon sold 18,267 shares of Jewett-Cameron Trading stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of $2.50, for a total value of $45,667.50. Following the completion of the transaction, the insider owned 745,267 shares in the company, valued at approximately $1,863,167.50. This represents a 2.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders acquired 63,925 shares of company stock worth $159,436 and sold 25,000 shares worth $62,990. Company insiders own 1.33% of the company’s stock.

Hedge Funds Weigh In On Jewett-Cameron Trading

Institutional investors and hedge funds have recently bought and sold shares of the stock. Susquehanna International Group LLP purchased a new position in Jewett-Cameron Trading in the 3rd quarter worth approximately $54,000. DRW Securities LLC bought a new position in shares of Jewett-Cameron Trading in the fourth quarter worth approximately $44,000. Finally, Citadel Advisors LLC purchased a new position in shares of Jewett-Cameron Trading in the third quarter worth $77,000. 26.05% of the stock is currently owned by institutional investors.

Jewett-Cameron Trading Company Profile

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.