JFB Construction (NASDAQ:JFB) Posts Earnings Results

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

JFB Construction Price Performance

JFB stock traded down $0.02 during trading hours on Friday, reaching $5.26. 146,589 shares of the stock were exchanged, compared to its average volume of 263,425. The firm’s 50-day moving average is $6.13 and its 200-day moving average is $5.28. JFB Construction has a 12 month low of $2.30 and a 12 month high of $17.55.

Hedge Funds Weigh In On JFB Construction

A number of large investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its holdings in JFB Construction by 21.1% during the 4th quarter. Geode Capital Management LLC now owns 12,434 shares of the company’s stock worth $182,000 after purchasing an additional 2,168 shares in the last quarter. Nomura Holdings Inc. bought a new position in JFB Construction during the 3rd quarter worth about $258,000. 683 Capital Management LLC bought a new position in JFB Construction during the 4th quarter worth about $389,000. Finally, Marshall Wace LLP bought a new position in JFB Construction during the 4th quarter worth about $604,000.

Analysts Set New Price Targets

Separately, Weiss Ratings restated 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.com, the stock has an average rating of “Sell”.

About JFB Construction

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.