JFB Construction (NASDAQ:JFB) Trading Up 0.5% - Here's Why

Key Points

• JFB Construction shares edged up 0.5% in mid-day trading, hitting an intraday high of $3.79 before last trading at $3.74. Volume was lighter than usual, with about 197,048 shares traded versus an average of 288,859.
• Analyst opinions remain mixed: Weiss Ratings reiterated a sell rating, while Roth Capital initiated coverage with a buy rating and a $9 price target. The stock’s consensus rating is currently “Hold,” with an average target price of $9.00.
• The company continues to show weak fundamentals, reporting a loss of $0.25 per share on revenue of $12.68 million in its latest quarter. JFB also had a negative net margin and return on equity, and its share price remains below both its 50-day and 200-day moving averages.

Shares of JFB Construction Holding (NASDAQ:JFB - Get Free Report) were up 0.5% during mid-day trading on Tuesday . The stock traded as high as $3.79 and last traded at $3.74. Approximately 197,048 shares were traded during trading, a decline of 32% from the average daily volume of 288,859 shares. The stock had previously closed at $3.72.

Analysts Set New Price Targets

A number of equities analysts have commented on JFB shares. Weiss Ratings restated a "sell (d)" rating on shares of JFB Construction in a research report on Wednesday, July 8th. Roth Capital began coverage on shares of JFB Construction in a report on Thursday, July 2nd. They set a "buy" rating and a $9.00 price objective for the company. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $9.00.

JFB Construction Stock Up 0.5%

The firm has a fifty day moving average price of $5.04 and a 200 day moving average price of $5.58. The company has a market cap of $75.66 million, a P/E ratio of -8.50 and a beta of 3.13.

JFB Construction (NASDAQ:JFB - Get Free Report) last released its quarterly earnings results on Thursday, May 14th. The company reported ($0.25) earnings per share (EPS) for the quarter. The business had revenue of $12.68 million during the quarter. JFB Construction had a negative net margin of 24.39% and a negative return on equity of 32.35%.

Hedge Funds Weigh In On JFB Construction

A number of institutional investors have recently modified their holdings of JFB. Geode Capital Management LLC lifted its position in shares of JFB Construction by 21.1% during the fourth 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. Private Advisor Group LLC bought a new position in JFB Construction in the 1st quarter worth approximately $76,000. Royal Bank of Canada lifted its holdings in JFB Construction by 4,188.8% during the 1st quarter. Royal Bank of Canada now owns 19,600 shares of the company's stock worth $120,000 after buying an additional 19,143 shares in the last quarter. Nomura Holdings Inc. bought a new position in JFB Construction in the 3rd quarter valued at $258,000. Finally, 683 Capital Management LLC bought a new position in JFB Construction in the 4th quarter valued at $389,000.

JFB Construction Company Profile

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.

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