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

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

JFE Stock Down 12.7%

The firm has a market cap of $1.75 billion, a PE ratio of 13.64 and a beta of 0.23. The company has a 50-day simple moving average of $10.90 and a 200-day simple moving average of $12.31. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.71 and a quick ratio of 0.89.

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