Janus International Group, Inc. (NYSE:JBI – Get Free Report) was the recipient of a significant drop in short interest in the month of November. As of November 15th, there was short interest totalling 13,310,000 shares, a drop of 12.7% from the October 31st total of 15,240,000 shares. Based on an average daily volume of 2,320,000 shares, the short-interest ratio is presently 5.7 days. Currently, 9.8% of the shares of the company are sold short.
Janus International Group Trading Up 2.5 %
JBI stock traded up $0.19 during midday trading on Tuesday, hitting $7.74. The stock had a trading volume of 1,127,648 shares, compared to its average volume of 2,012,042. The firm has a market cap of $1.09 billion, a PE ratio of 10.75 and a beta of 0.91. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.80 and a quick ratio of 2.39. Janus International Group has a 12-month low of $6.68 and a 12-month high of $15.86. The company’s 50-day moving average price is $8.68 and its 200 day moving average price is $11.06.
Janus International Group (NYSE:JBI – Get Free Report) last released its earnings results on Tuesday, October 29th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.09). The firm had revenue of $230.10 million during the quarter, compared to analysts’ expectations of $248.21 million. Janus International Group had a return on equity of 21.10% and a net margin of 10.62%. The firm’s revenue was down 17.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.27 earnings per share. On average, equities research analysts predict that Janus International Group will post 0.54 earnings per share for the current fiscal year.
Institutional Trading of Janus International Group
Wall Street Analyst Weigh In
A number of equities research analysts have recently issued reports on JBI shares. Wolfe Research downgraded shares of Janus International Group from an “outperform” rating to a “peer perform” rating in a research report on Monday, August 12th. UBS Group reduced their price target on shares of Janus International Group from $12.00 to $8.50 and set a “neutral” rating for the company in a research report on Wednesday, October 30th. KeyCorp reduced their price target on shares of Janus International Group from $13.00 to $11.00 and set an “overweight” rating for the company in a research report on Wednesday, October 30th. Benchmark reduced their price target on shares of Janus International Group from $21.00 to $14.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Finally, Jefferies Financial Group downgraded shares of Janus International Group from a “buy” rating to a “hold” rating and reduced their price target for the company from $12.00 to $7.50 in a research report on Monday, November 4th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $10.25.
Read Our Latest Research Report on Janus International Group
About Janus International Group
Janus International Group, Inc manufacturers and supplies turn-key self-storage, and commercial and industrial building solutions in North America and internationally. The company offers roll up and swing doors, hallway systems, relocatable storage moveable additional storage structures units, and other solutions.
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