Jewett-Cameron Trading (NASDAQ:JCTC) Trading Down 4.3% – What’s Next?

Shares of Jewett-Cameron Trading Company (NASDAQ:JCTC) fell 4.3% during trading on Friday . The company traded as low as $1.86 and last traded at $1.99. 16,642 shares changed hands during mid-day trading, a decline of 55% from the average session volume of 37,339 shares. The stock had previously closed at $2.08.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised Jewett-Cameron Trading from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, May 29th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

Jewett-Cameron Trading Stock Performance

The company has a 50-day moving average of $1.92 and a 200-day moving average of $2.02. The firm has a market capitalization of $7.00 million, a price-to-earnings ratio of -0.87 and a beta of 0.39.

Jewett-Cameron Trading (NASDAQ:JCTC) last issued its quarterly earnings data on Monday, April 13th. The company reported ($0.35) earnings per share (EPS) for the quarter. Jewett-Cameron Trading had a negative net margin of 19.19% and a negative return on equity of 33.33%. The business had revenue of $10.54 million during the quarter.

Hedge Funds Weigh In On Jewett-Cameron Trading

Several institutional investors and hedge funds have recently modified their holdings of the business. Citadel Advisors LLC acquired a new position in shares of Jewett-Cameron Trading in the 3rd quarter valued at approximately $77,000. DRW Securities LLC acquired a new position in shares of Jewett-Cameron Trading in the 4th quarter valued at approximately $44,000. Finally, Susquehanna International Group LLP acquired a new position in shares of Jewett-Cameron Trading in the 3rd quarter valued at approximately $54,000. 26.05% of the stock is currently owned by institutional investors and hedge funds.

About Jewett-Cameron Trading

Jewett-Cameron Trading Company Ltd. is a supplier of `Value-added` building materials to major home improvement center chains in the western United States. The Company concentrates on the residential repair and remodeling segment of the building materials industry.