Jewett-Cameron Trading (NASDAQ:JCTC) Trading Down 2.2% – Here’s Why

Jewett-Cameron Trading Company (NASDAQ:JCTC)’s stock price dropped 2.2% during mid-day trading on Friday . The company traded as low as $3.40 and last traded at $3.50. Approximately 2,114 shares changed hands during mid-day trading, a decline of 86% from the average daily volume of 14,969 shares. The stock had previously closed at $3.58.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Jewett-Cameron Trading in a research note on Saturday, September 27th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

Jewett-Cameron Trading Trading Down 2.2%

The company has a 50-day moving average of $3.63 and a 200-day moving average of $3.78. The firm has a market capitalization of $12.32 million, a price-to-earnings ratio of -6.03 and a beta of 0.07.

Jewett-Cameron Trading (NASDAQ:JCTC) last released its earnings results on Monday, July 14th. The company reported ($0.18) earnings per share for the quarter. The business had revenue of $12.60 million for the quarter. Jewett-Cameron Trading had a negative net margin of 4.72% and a negative return on equity of 8.70%.

Hedge Funds Weigh In On Jewett-Cameron Trading

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. De Lisle Partners LLP bought a new position in shares of Jewett-Cameron Trading during the first quarter valued at approximately $184,000. Parthenon LLC acquired a new position in Jewett-Cameron Trading during the 1st quarter valued at approximately $996,000. Finally, Guardian Wealth Management Inc. bought a new position in Jewett-Cameron Trading during the 1st quarter worth $42,000. 26.05% of the stock is currently owned by institutional investors and hedge funds.

About Jewett-Cameron Trading

Jewett-Cameron Trading Company Ltd. is a supplier of `Value-added` building materials to major home improvement center chains in the western United States. The Company concentrates on the residential repair and remodeling segment of the building materials industry.