JFE (OTCMKTS:JFEEF) Sees Large Volume Increase – Should You Buy?

Jfe Holdings Inc. (OTCMKTS:JFEEF) saw strong trading volume on Monday . 700 shares changed hands during trading, an increase of 2,700% from the previous session’s volume of 25 shares.The stock last traded at $12.89 and had previously closed at $13.00.

JFE Price Performance

The company has a market cap of $8.20 billion, a price-to-earnings ratio of 16.96 and a beta of 0.32. The company’s 50-day simple moving average is $12.20 and its 200-day simple moving average is $12.01. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.70 and a quick ratio of 0.87.

JFE (OTCMKTS:JFEEF) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.05. JFE had a net margin of 1.63% and a return on equity of 2.94%. The business had revenue of $7.55 billion during the quarter, compared to analyst estimates of $7.83 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.