JFB Construction (NASDAQ:JFB) Announces Earnings Results

JFB Construction (NASDAQ:JFB) posted its earnings results on Tuesday. The company reported ($0.12) EPS for the quarter, FiscalAI reports. JFB Construction had a negative net margin of 14.07% and a negative return on equity of 31.22%. The firm had revenue of $12.45 million during the quarter.

JFB Construction Trading Up 12.9%

NASDAQ JFB traded up $0.79 on Wednesday, reaching $6.91. The company had a trading volume of 157,366 shares, compared to its average volume of 253,001. The firm has a market cap of $96.95 million and a price-to-earnings ratio of -36.54. JFB Construction has a fifty-two week low of $1.80 and a fifty-two week high of $17.55. The business has a 50 day moving average price of $6.20.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Weiss Ratings restated a “sell (d-)” rating on shares of JFB Construction in a report on Friday. Wall Street Zen upgraded shares of JFB Construction from a “sell” rating to a “hold” rating in a research report on Saturday, January 10th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, JFB Construction has a consensus rating of “Sell”.

Institutional Investors Weigh In On JFB Construction

A number of institutional investors have recently made changes to their positions in JFB. Geode Capital Management LLC raised its position in shares of JFB Construction by 21.1% during the fourth quarter. Geode Capital Management LLC now owns 12,434 shares of the company’s stock worth $182,000 after acquiring an additional 2,168 shares during the last quarter. Yorkville Advisors Global LP acquired a new position in shares of JFB Construction in the third quarter worth approximately $258,000. Nomura Holdings Inc. bought a new stake in JFB Construction in the third quarter valued at approximately $258,000. 683 Capital Management LLC acquired a new stake in JFB Construction during the 4th quarter valued at approximately $389,000. Finally, Marshall Wace LLP bought a new position in JFB Construction during the 4th quarter worth approximately $604,000.

About JFB Construction

JFB is a commercial and residential real estate construction and development company. The Company’s management is dedicated to delivering high-quality services to commercial and residential markets, such as retail corporate buildouts, multifamily community developments and luxury residential homes, with a focus on fostering long-term relationships with clients, partners, and communities. Our comprehensive suite of services encompasses everything from initial project planning and design to the final stages of construction and project management.