JFE (OTCMKTS:JFEEF) Shares Gap Up – Time to Buy?

Jfe Holdings Inc. (OTCMKTS:JFEEF)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $9.45, but opened at $12.20. JFE shares last traded at $12.24, with a volume of 817 shares changing hands.

JFE Price Performance

The company has a current ratio of 1.71, a quick ratio of 0.89 and a debt-to-equity ratio of 0.58. The firm’s 50-day moving average price is $10.29 and its two-hundred day moving average price is $11.79. The stock has a market cap of $2.26 billion, a PE ratio of 17.66 and a beta of 0.23.

JFE (OTCMKTS:JFEEF) last issued its quarterly earnings data on Friday, May 8th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.30). The business had revenue of $7.30 billion for the quarter, compared to analysts’ expectations of $7.73 billion. JFE had a net margin of 1.54% and a return on equity of 2.68%.

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.