JFB Construction (NASDAQ:JFB) Shares Down 4.6% – Here’s What Happened

JFB Construction Holding (NASDAQ:JFB) shares fell 4.6% during trading on Friday . The stock traded as low as $5.50 and last traded at $5.57. 453,468 shares were traded during trading, a decline of 25% from the average session volume of 602,137 shares. The stock had previously closed at $5.84.

Wall Street Analyst Weigh In

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

JFB Construction Trading Down 4.6%

The company’s fifty day moving average is $5.91 and its 200-day moving average is $5.43. The firm has a market capitalization of $85.39 million, a P/E ratio of -12.66 and a beta of 2.79.

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

Institutional Trading of JFB Construction

Several large investors have recently modified their holdings of JFB. Nomura Holdings Inc. bought a new stake in shares of JFB Construction during the 3rd quarter worth $258,000. Yorkville Advisors Global LP bought a new stake in JFB Construction in the 3rd quarter valued at $258,000. Geode Capital Management LLC boosted its holdings in JFB Construction by 21.1% in the 4th quarter. Geode Capital Management LLC now owns 12,434 shares of the company’s stock valued at $182,000 after purchasing an additional 2,168 shares during the period. Marshall Wace LLP bought a new stake in JFB Construction in the 4th quarter valued at $604,000. Finally, 683 Capital Management LLC bought a new stake in JFB Construction in the 4th quarter valued at $389,000.

JFB Construction Company Profile

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.