JFE (OTCMKTS:JFEEF) Downgraded by Daiwa Capital Markets to “Neutral”

Daiwa Capital Markets cut shares of JFE (OTCMKTS:JFEEFGet Rating) from an outperform rating to a neutral rating in a research note released on Wednesday, The Fly reports.

Shares of JFEEF opened at $12.17 on Wednesday. The stock has a 50 day moving average price of $12.92 and a 200 day moving average price of $13.19. The company has a quick ratio of 0.77, a current ratio of 1.51 and a debt-to-equity ratio of 0.75. The company has a market capitalization of $7.01 billion, a price-to-earnings ratio of 2.74 and a beta of 0.84. JFE has a 52-week low of $11.25 and a 52-week high of $16.85.

About JFE (Get Rating)

JFE Holdings, Inc, through its subsidiaries, engages in steel, engineering, and trading businesses in Japan and internationally. Its Steel segment produces and sells various steel products, processed steel products, and raw materials, as well as operates in the transportation, facility maintenance, and construction businesses.

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