JFE (OTCMKTS:JFEEF) Shares Gap Up – Should You Buy?

Jfe Holdings Inc. (OTCMKTS:JFEEF) shares gapped up before the market opened on Thursday . The stock had previously closed at $9.90, but opened at $10.73. JFE shares last traded at $10.73, with a volume of 180 shares traded.

JFE Trading Down 12.0%

The company has a current ratio of 1.71, a quick ratio of 0.89 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $1.98 billion, a price-to-earnings ratio of 11.75 and a beta of 0.26. The company has a fifty day moving average of $10.48 and a 200-day moving average of $11.73.

JFE (OTCMKTS:JFEEF) last released its earnings results on Wednesday, August 5th. The company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.10. The business had revenue of $7.14 billion for the quarter, compared to the consensus estimate of $7.19 billion. JFE had a return on equity of 3.54% and a net margin of 2.05%.

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.