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

Jfe Holdings Inc. (OTCMKTS:JFEEF) shares gapped up prior to trading on Thursday . The stock had previously closed at $9.90, but opened at $10.73. JFE shares last traded at $10.73, with a volume of 180 shares.

JFE Stock Performance

The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.89 and a current ratio of 1.71. The firm’s 50-day moving average price is $10.48 and its two-hundred day moving average price is $11.73. The stock has a market cap of $1.98 billion, a price-to-earnings ratio of 11.75 and a beta of 0.26.

JFE (OTCMKTS:JFEEF) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.10. JFE had a net margin of 2.05% and a return on equity of 3.54%. The firm had revenue of $7.14 billion during the quarter, compared to analysts’ expectations of $7.19 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.