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

Jfe Holdings Inc. (OTCMKTS:JFEEF) shares gapped up prior to trading on Tuesday . The stock had previously closed at $10.73, but opened at $11.80. JFE shares last traded at $11.80, with a volume of 186 shares traded.

JFE Stock Performance

The stock has a 50 day moving average price of $10.63 and a two-hundred day moving average price of $11.37. 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 market capitalization of $2.18 billion, a price-to-earnings ratio of 12.92 and a beta of 0.22.

JFE (OTCMKTS:JFEEF) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.10. JFE had a net margin of 2.05% and a return on equity of 3.54%. The firm had revenue of $7.14 billion for the quarter, compared to analyst estimates of $7.19 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.