JFB Construction (NASDAQ:JFB) Announces Quarterly Earnings Results

JFB Construction (NASDAQ:JFB) released its earnings results on Thursday. The company reported ($0.25) earnings per share for the quarter, Zacks reports. The company had revenue of $10.47 million for the quarter. JFB Construction had a negative net margin of 24.39% and a negative return on equity of 43.09%.

JFB Construction Stock Performance

Shares of JFB Construction stock traded down $0.02 during trading hours on Friday, hitting $5.26. The company’s stock had a trading volume of 146,589 shares, compared to its average volume of 263,425. The business has a 50 day moving average price of $6.14 and a two-hundred day moving average price of $5.28. JFB Construction has a 12-month low of $2.30 and a 12-month high of $17.55. The company has a market cap of $74.73 million, a PE ratio of -27.68 and a beta of 3.18.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of JFB Construction in a research report on Friday, March 27th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

Hedge Funds Weigh In On JFB Construction

Large investors have recently made changes to their positions in the business. Geode Capital Management LLC lifted its position in shares of JFB Construction by 21.1% in the fourth quarter. Geode Capital Management LLC now owns 12,434 shares of the company’s stock valued at $182,000 after acquiring an additional 2,168 shares in the last quarter. Nomura Holdings Inc. purchased a new position in shares of JFB Construction in the third quarter valued at about $258,000. 683 Capital Management LLC purchased a new position in shares of JFB Construction in the fourth quarter valued at about $389,000. Finally, Marshall Wace LLP purchased a new position in shares of JFB Construction in the fourth quarter valued at about $604,000.

JFB Construction Company Profile

JFB is a commercial and residential real estate construction and development company. The Company’s management is dedicated to delivering high-quality services to commercial and residential markets, such as retail corporate buildouts, multifamily community developments and luxury residential homes, with a focus on fostering long-term relationships with clients, partners, and communities. Our comprehensive suite of services encompasses everything from initial project planning and design to the final stages of construction and project management.