JFE (OTCMKTS:JFEEF) Stock Price Down 2.1% – Should You Sell?

Jfe Holdings Inc. (OTCMKTS:JFEEF)’s stock price traded down 2.1% during mid-day trading on Friday. The company traded as low as $11.5464 and last traded at $11.5464. Approximately 6 shares were traded during trading, an increase of 1,900% from the average daily volume of 0 shares. The stock had previously closed at $11.80.

JFE Stock Performance

The firm’s fifty day moving average is $11.53 and its 200-day moving average is $11.00. The company has a current ratio of 1.38, a quick ratio of 0.68 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $2.13 billion, a PE ratio of 12.65 and a beta of 0.21.

JFE (OTCMKTS:JFEEF) last announced its earnings results on Wednesday, August 5th. The company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.10. JFE had a net margin of 2.05% and a return on equity of 3.53%. The company had revenue of $7.14 billion during the quarter, compared to analyst estimates of $7.19 billion.

JFE Company Profile

JFE Holdings, Inc is a Japanese industrial group that manages businesses in steel, engineering and trading. The company’s principal operating subsidiaries include JFE Steel Corporation, JFE Engineering Corporation and JFE Shoji Corporation.

JFE Steel manufactures and sells a broad range of steel products, including sheet, plate, bar, wire and specialty steels used in automobiles, construction, machinery, energy infrastructure and other industrial applications. JFE Engineering provides infrastructure-related services and systems, including projects involving energy, environmental facilities, water and waste treatment, transportation infrastructure, and industrial plants.

JFE Shoji conducts trading and distribution activities involving steel products, raw materials and other industrial materials.