Jewett-Cameron Trading (NASDAQ:JCTC) Issues Quarterly Earnings Results

Jewett-Cameron Trading (NASDAQ:JCTC) announced its earnings results on Tuesday. The company reported ($0.23) earnings per share for the quarter, FiscalAI reports. Jewett-Cameron Trading had a negative return on equity of 36.74% and a negative net margin of 20.94%.The business had revenue of $9.85 million for the quarter.

Jewett-Cameron Trading Price Performance

Shares of JCTC stock opened at $2.69 on Thursday. The business has a fifty day moving average of $2.19 and a 200 day moving average of $2.01. Jewett-Cameron Trading has a 1 year low of $1.54 and a 1 year high of $4.02. The firm has a market capitalization of $9.47 million, a price-to-earnings ratio of -1.14 and a beta of 0.36.

Insider Buying and Selling at Jewett-Cameron Trading

In other news, major shareholder Melinda Hodges Bradley bought 17,500 shares of the company’s stock in a transaction that occurred on Tuesday, June 30th. The shares were purchased at an average price of $2.38 per share, for a total transaction of $41,650.00. Following the completion of the transaction, the insider directly owned 371,007 shares in the company, valued at approximately $882,996.66. This represents a 4.95% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Community Foundation Oregon sold 18,267 shares of the stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $2.50, for a total transaction of $45,667.50. Following the completion of the transaction, the insider owned 745,267 shares in the company, valued at approximately $1,863,167.50. This trade represents a 2.39% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have bought 63,925 shares of company stock worth $159,436 and have sold 25,000 shares worth $62,990. Company insiders own 1.33% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in JCTC. Citadel Advisors LLC purchased a new stake in Jewett-Cameron Trading in the third quarter valued at $77,000. Susquehanna International Group LLP acquired a new position in shares of Jewett-Cameron Trading in the 3rd quarter valued at about $54,000. Finally, DRW Securities LLC acquired a new position in shares of Jewett-Cameron Trading in the 4th quarter valued at about $44,000. Hedge funds and other institutional investors own 26.05% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of Jewett-Cameron Trading from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, July 2nd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Jewett-Cameron Trading Company Profile

Jewett-Cameron Trading Company Ltd. is a supplier of `Value-added` building materials to major home improvement center chains in the western United States. The Company concentrates on the residential repair and remodeling segment of the building materials industry.