JFE (OTCMKTS:JFEEF) Shares Gap Up – Should You Buy?

Jfe Holdings Inc. (OTCMKTS:JFEEF) gapped up before the market opened on Tuesday . The stock had previously closed at $10.73, but opened at $11.80. JFE shares last traded at $11.80, with a volume of 100 shares.

JFE Stock Up 10.0%

The business has a fifty day moving average price of $10.45 and a two-hundred day moving average price of $11.46. 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 company has a market cap of $2.18 billion, a price-to-earnings ratio of 12.92 and a beta of 0.26.

JFE (OTCMKTS:JFEEF) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.10. The firm had revenue of $7.14 billion for the quarter, compared to the consensus estimate of $7.19 billion. JFE had a net margin of 2.05% and a return on equity of 3.54%.

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.