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

Shares of Jfe Holdings Inc. (OTCMKTS:JFEEF) gapped up prior to trading on Tuesday . The stock had previously closed at $14.23, but opened at $15.00. JFE shares last traded at $15.00, with a volume of 1,000 shares.

JFE Stock Up 5.4%

The firm has a market capitalization of $9.54 billion, a PE ratio of 28.68 and a beta of 0.32. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.71 and a quick ratio of 0.89. The company has a 50-day moving average price of $13.30 and a 200 day moving average price of $12.58.

JFE (OTCMKTS:JFEEF) last issued its earnings results on Thursday, February 5th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.18. JFE had a return on equity of 2.03% and a net margin of 1.15%.The company had revenue of $7.34 billion for the quarter, compared to the consensus estimate of $7.51 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.