JFE (OTCMKTS:JFEEF) Sets New 52-Week Low – Here’s Why

Shares of Jfe Holdings Inc. (OTCMKTS:JFEEF) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $9.45 and last traded at $9.45, with a volume of 200 shares trading hands. The stock had previously closed at $10.8250.

JFE Price Performance

The firm has a market capitalization of $1.75 billion, a P/E ratio of 13.64 and a beta of 0.23. 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 firm has a 50 day moving average price of $10.90 and a 200-day moving average price of $12.31.

JFE (OTCMKTS:JFEEF) last released its earnings results on Friday, May 8th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.30). The company had revenue of $7.30 billion for the quarter, compared to the consensus estimate of $7.73 billion. JFE had a net margin of 1.54% and a return on equity of 2.68%.

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.