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

Jfe Holdings Inc. (OTCMKTS:JFEEF)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $15.00, but opened at $14.23. JFE shares last traded at $14.23, with a volume of 100 shares traded.

JFE Stock Down 5.1%

The stock has a market cap of $9.05 billion, a P/E ratio of 27.21 and a beta of 0.32. The firm has a 50 day simple moving average of $13.36 and a 200-day simple moving average of $12.60. The company has a quick ratio of 0.89, a current ratio of 1.71 and a debt-to-equity ratio of 0.58.

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