JFE (OTCMKTS:JFEEF) Shares Gap Down – What’s Next?

Shares of Jfe Holdings Inc. (OTCMKTS:JFEEF) gapped down prior to trading on Tuesday . The stock had previously closed at $10.85, but opened at $9.90. JFE shares last traded at $9.90, with a volume of 15,624 shares trading hands.

JFE Price Performance

The firm has a market cap of $1.83 billion, a P/E ratio of 14.29 and a beta of 0.26. 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’s 50-day moving average is $10.75 and its two-hundred day moving average is $12.22.

JFE (OTCMKTS:JFEEF) last released its earnings results on Friday, May 8th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.30). JFE had a net margin of 1.54% and a return on equity of 2.68%. The firm had revenue of $7.30 billion during the quarter, compared to the consensus estimate of $7.73 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.