JFE (OTCMKTS:JFEEF) Shares Gap Down – Here’s Why

Jfe Holdings Inc. (OTCMKTS:JFEEF)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $10.85, but opened at $9.90. JFE shares last traded at $9.90, with a volume of 15,624 shares trading hands.

JFE Stock Up 4.8%

The company has a quick ratio of 0.89, a current ratio of 1.71 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $1.83 billion, a PE ratio of 14.29 and a beta of 0.23. The business’s 50 day simple moving average is $10.80 and its 200 day simple moving average is $12.25.

JFE (OTCMKTS:JFEEF) last released its earnings results on Friday, May 8th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.30). The firm had revenue of $7.30 billion during the quarter, compared to analysts’ expectations of $7.73 billion. JFE had a return on equity of 2.68% and a net margin of 1.54%.

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.