JFB Construction (NASDAQ:JFB) Shares Down 4.6% – What’s Next?

Shares of JFB Construction Holding (NASDAQ:JFB) dropped 4.6% during mid-day trading on Friday . The stock traded as low as $5.50 and last traded at $5.57. Approximately 453,468 shares traded hands during trading, a decline of 25% from the average daily volume of 602,137 shares. The stock had previously closed at $5.84.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of JFB Construction in a research note on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell”.

JFB Construction Stock Down 4.6%

The business’s 50 day moving average is $5.91 and its two-hundred day moving average is $5.43. The firm has a market cap of $85.39 million, a P/E ratio of -12.66 and a beta of 2.79.

JFB Construction (NASDAQ:JFB) last announced its earnings results on Thursday, May 14th. The company reported ($0.25) earnings per share for the quarter. JFB Construction had a negative return on equity of 32.35% and a negative net margin of 24.39%.The firm had revenue of $12.68 million for the quarter.

Institutional Investors Weigh In On JFB Construction

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Marshall Wace LLP bought a new stake in JFB Construction in the fourth quarter valued at $604,000. 683 Capital Management LLC bought a new stake in JFB Construction in the fourth quarter valued at $389,000. Nomura Holdings Inc. bought a new stake in JFB Construction in the third quarter valued at $258,000. Yorkville Advisors Global LP bought a new stake in JFB Construction in the third quarter valued at $258,000. Finally, Royal Bank of Canada increased its stake in JFB Construction by 4,188.8% in the first quarter. Royal Bank of Canada now owns 19,600 shares of the company’s stock valued at $120,000 after purchasing an additional 19,143 shares in the last quarter.

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.