JFE (OTCMKTS:JFEEF) Sees Strong Trading Volume – Still a Buy?

Shares of Jfe Holdings Inc. (OTCMKTS:JFEEF) saw unusually-high trading volume on Monday . Approximately 700 shares changed hands during trading, an increase of 2,700% from the previous session’s volume of 25 shares.The stock last traded at $12.89 and had previously closed at $13.00.

JFE Stock Performance

The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.87 and a current ratio of 1.70. The firm has a 50 day moving average price of $12.23 and a two-hundred day moving average price of $12.03. The company has a market capitalization of $8.20 billion, a P/E ratio of 16.96 and a beta of 0.32.

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

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.