JFE (OTCMKTS:JFEEF) Shares Gap Down - What's Next?

Key Points

• JFE Holdings Inc. experienced a gap down in stock price, opening at $12.04 after previously closing at $12.49, with a trading volume of 256 shares.
• The company reported earnings results showing a miss on EPS with $0.07 compared to the consensus estimate of $0.15, while maintaining a net margin of 1.49% and revenue of $7.74 billion.
• JFE has a market capitalization of $7.66 billion and operates in steel, engineering, and trading businesses both domestically and internationally.

Jfe Holdings Inc. (OTCMKTS:JFEEF - Get Free Report)'s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $12.49, but opened at $12.04. JFE shares last traded at $12.04, with a volume of 256 shares changing hands.

JFE Stock Performance

The firm has a fifty day moving average of $12.23 and a 200-day moving average of $12.36. The firm has a market cap of $7.66 billion, a P/E ratio of 16.96 and a beta of 0.48. The company has a quick ratio of 0.79, a current ratio of 1.58 and a debt-to-equity ratio of 0.55.

JFE (OTCMKTS:JFEEF - Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.08). JFE had a net margin of 1.49% and a return on equity of 2.76%. The firm had revenue of $7.74 billion during the quarter, compared to the consensus estimate of $7.74 billion.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.