JFE (OTCMKTS:JFEEF) Shares Gap Up – Here’s Why

Jfe Holdings Inc. (OTCMKTS:JFEEF)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $14.23, but opened at $15.00. JFE shares last traded at $15.00, with a volume of 1,000 shares.

JFE Stock Up 5.4%

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 stock has a market capitalization of $9.54 billion, a P/E ratio of 28.68 and a beta of 0.32. The business has a 50-day moving average price of $13.30 and a 200 day moving average price of $12.58.

JFE (OTCMKTS:JFEEF) last announced its quarterly earnings results on Thursday, February 5th. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.18. JFE had a net margin of 1.15% and a return on equity of 2.03%. The company had revenue of $7.34 billion for the quarter, compared to analysts’ expectations of $7.51 billion.

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.