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

Jfe Holdings Inc. (OTCMKTS:JFEEF)’s stock price gapped up before the market opened 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 Stock Performance

The company has a debt-to-equity ratio of 0.58, a current ratio of 1.71 and a quick ratio of 0.89. The business has a 50-day simple moving average of $10.35 and a 200 day simple moving average of $11.78. The firm has a market cap of $2.26 billion, a PE ratio of 17.60 and a beta of 0.26.

JFE (OTCMKTS:JFEEF) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.19 by $0.10. JFE had a return on equity of 2.68% and a net margin of 1.54%.The firm had revenue of $7.14 billion for the quarter, compared to the consensus estimate of $7.19 billion.

JFE Company Profile

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.