JFE (OTCMKTS:JFEEF) Sets New 1-Year High – What’s Next?

Jfe Holdings Inc. (OTCMKTS:JFEEF)’s share price hit a new 52-week high on Tuesday . The stock traded as high as $13.63 and last traded at $13.63, with a volume of 5450 shares changing hands. The stock had previously closed at $12.89.

JFE Price Performance

The business has a fifty day moving average of $12.40 and a 200 day moving average of $12.13. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.70 and a quick ratio of 0.87. The stock has a market cap of $8.67 billion, a PE ratio of 17.93 and a beta of 0.32.

JFE (OTCMKTS:JFEEF) last announced its earnings results on Thursday, November 6th. The company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.05. The company had revenue of $7.55 billion for the quarter, compared to analyst estimates of $7.83 billion. JFE had a return on equity of 2.94% and a net margin of 1.63%.

About JFE

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.