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

Jfe Holdings Inc. (OTCMKTS:JFEEF)’s share price 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 changing hands.

JFE Price Performance

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 stock has a market capitalization of $2.18 billion, a P/E ratio of 12.92 and a beta of 0.22. The company has a fifty day simple moving average of $10.63 and a two-hundred day simple moving average of $11.37.

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

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.