JFE (OTCMKTS:JFEEF) Trading Down 14.3% - Here's What Happened

JFE Holdings, Inc. (OTCMKTS:JFEEF - Get Free Report)'s stock price traded down 14.3% during trading on Thursday . The stock traded as low as $11.25 and last traded at $11.40. 7,920 shares were traded during mid-day trading, an increase of 1,484% from the average session volume of 500 shares. The stock had previously closed at $13.30.

JFE Trading Down 14.3%

The company has a current ratio of 1.63, a quick ratio of 0.81 and a debt-to-equity ratio of 0.53. The business has a 50 day simple moving average of $13.11 and a two-hundred day simple moving average of $12.05. The stock has a market cap of $7.25 billion, a price-to-earnings ratio of 8.57 and a beta of 0.48.

JFE (OTCMKTS:JFEEF - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported ($0.08) earnings per share for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.02). The company had revenue of $7.89 billion for the quarter, compared to analyst estimates of $7.99 billion. JFE had a return on equity of 5.22% and a net margin of 2.69%.

JFE Company Profile

JFE Holdings, Inc, through its subsidiaries, engages in steel, engineering, and trading businesses in Japan and internationally. Its Steel segment produces and sells various steel products, processed steel products, and raw materials, as well as operates in the transportation, facility maintenance, and construction businesses.