JFB Construction (NASDAQ:JFB) Announces Earnings Results

JFB Construction (NASDAQ:JFB) announced its quarterly earnings data 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 business had revenue of $12.45 million during the quarter.

JFB Construction Stock Performance

Shares of JFB traded down $0.37 during midday trading on Tuesday, hitting $6.12. 222,859 shares of the company traded hands, compared to its average volume of 245,358. The stock has a market cap of $85.86 million and a PE ratio of -32.21. The firm has a 50 day simple moving average of $6.20. JFB Construction has a 52 week low of $1.80 and a 52 week high of $17.55.

Analyst Ratings Changes

A number of research analysts recently commented on JFB shares. Wall Street Zen raised JFB Construction from a “sell” rating to a “hold” rating in a report on Saturday, January 10th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of JFB Construction in a report on Friday. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

Institutional Investors Weigh In On JFB Construction

A number of hedge funds have recently made changes to their positions in JFB. 683 Capital Management LLC purchased a new position in JFB Construction during the 4th quarter valued at approximately $389,000. Marshall Wace LLP purchased a new stake in shares of JFB Construction during the 4th quarter worth approximately $604,000. Geode Capital Management LLC boosted its position in shares of JFB Construction by 21.1% during the 4th quarter. Geode Capital Management LLC now owns 12,434 shares of the company’s stock valued at $182,000 after acquiring an additional 2,168 shares during the last quarter. Yorkville Advisors Global LP bought a new position in shares of JFB Construction during the 3rd quarter valued at approximately $258,000. Finally, Nomura Holdings Inc. purchased a new position in shares of JFB Construction in the third quarter valued at $258,000.

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.